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Account Closed
  • Phoenix, AZ
5
Votes |
17
Posts

Personal loan for fix and flip

Account Closed
  • Phoenix, AZ
Posted

What is the process of using a personal loan for a fix and flip for example, do I not pay the loan until the property turn a profit or do I pay the minimum balance each month on the loan? If required to pay monthly minimum my worry is I will not be able to afford the monthly payment and hurt my credit score. As a newbie how does this work any suggestions or advice?

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