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User Stats

26
Posts
3
Votes
Brandon Thomas
  • Rental Property Investor
  • Greenville, SC
3
Votes |
26
Posts

Financing using sofi

Brandon Thomas
  • Rental Property Investor
  • Greenville, SC
Posted

I’ve recently stumbled across SoFi in an article I was reading today. And now I see a commercial about them while watching the nba playoffs. I guess my question is: Has anyone used them for financing before? If so, how did it work out for you?

User Stats

44
Posts
20
Votes
Ike Stephens
  • Rental Property Investor
  • Houston, TX
20
Votes |
44
Posts
Ike Stephens
  • Rental Property Investor
  • Houston, TX
Replied

Their rates are pretty high and the main drawback is it's not a revolving line (at least that's my interpretation.) If it was a revolving line that I could access again and again it may be worth it. Considering the rates they charge I think it's probably best to go with a HML. I looked into SoFi just recently but I think a different route is best.

Ike 

User Stats

26
Posts
3
Votes
Brandon Thomas
  • Rental Property Investor
  • Greenville, SC
3
Votes |
26
Posts
Brandon Thomas
  • Rental Property Investor
  • Greenville, SC
Replied

@Ike Stephens @Ryan Murphy

Thanks guys I appreciate it. I saw it and looked into it a little, but wasn’t quite sure about. Sounds like I’ll stay clear. Thanks again

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