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Updated almost 5 years ago on . Most recent reply

Divya R.'s profile image
Divya R.'s profile image
Divya R.
  • Real Estate Agent
  • from Washington DC
  • Member since Sep 13, 2016
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Divya R.'s profile image
Divya R.'s profile image
Divya R.
  • Real Estate Agent
  • from Washington DC
  • Member since Sep 13, 2016
Connect
Divya R.
  • Real Estate Agent
  • Washington DC
1
Votes |
7
Posts
Private Lending & Conventional Mortgage Advice

What can you use the EIDL loan for?Downpayment for new properties

Divya R.
  • Real Estate Agent
  • Washington DC
Posted

Is that okay? I applied for the EIDL loan as a just in case the renters dont pay for a few months, but can it be used to buy more properties?

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Divya R.'s profile image
Divya R.'s profile image
Divya R.
  • Real Estate Agent
  • from Washington DC
  • Member since Sep 13, 2016
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Votes
Divya R.'s profile image
Divya R.'s profile image
Divya R.
  • Real Estate Agent
  • from Washington DC
  • Member since Sep 13, 2016
Connect
Divya R.
  • Real Estate Agent
  • Washington DC
1
Votes |
7
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Divya R.
  • Real Estate Agent
  • Washington DC
Replied

Also, if I pay back the whole thing within a year before payments, then does it matter? 

Also is there is a early pay back penalty or anything like that?

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