Updated almost 4 years ago on . Most recent reply
Personal Loan: Down Payment
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?