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Updated over 3 years ago on . Most recent reply

Evan O'Brien's profile image
Evan O'Brien's profile image
Evan O'Brien
  • from Sayville, NY
  • Member since Mar 24, 2021
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Evan O'Brien's profile image
Evan O'Brien's profile image
Evan O'Brien
  • from Sayville, NY
  • Member since Mar 24, 2021
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Evan O'Brien
  • Sayville, NY
34
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126
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Creative Real Estate Financing

Personal Loan: Down Payment

Evan O'Brien
  • Sayville, NY
Posted

Is it a good idea to use a personal loan to fund a down payment for an investment property? I know that using a personal loan through a company such as discover or SoFi is much riskier than using a different type of financing strategy such as a 401(k) loan or HELOC to fund a down payment. But if you're able to make the numbers work with the property with the personal loan is it a good idea to take one out?

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