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Updated almost 4 years ago on . Most recent reply

Albert Pena's profile image
Albert Pena's profile image
Albert Pena
  • Real Estate Agent
  • from Miami, FL
  • Member since Apr 28, 2019
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Albert Pena's profile image
Albert Pena's profile image
Albert Pena
  • Real Estate Agent
  • from Miami, FL
  • Member since Apr 28, 2019
Connect
Albert Pena
  • Real Estate Agent
  • Miami, FL
4
Votes |
10
Posts
Innovative Strategies

Business loan > Mortgage ??

Albert Pena
  • Real Estate Agent
  • Miami, FL
Posted

My girlfriend and I are preapproved for a 450k mortgage loan to buy our first multifamily. But a friend of ours just told us that she got a BUSINESS loan instead and bought a rundown home at an auction and rehabbed. We’ve been studying real estate for about 3 months now and haven’t read a strategy like this. Has anyone else tried this?

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Briyana Hawkins's profile image
Briyana Hawkins's profile image
Briyana Hawkins
  • New to Real Estate
  • from Annapolis, MD
  • Member since Oct 30, 2019
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84
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Briyana Hawkins's profile image
Briyana Hawkins's profile image
Briyana Hawkins
  • New to Real Estate
  • from Annapolis, MD
  • Member since Oct 30, 2019
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Briyana Hawkins
  • New to Real Estate
  • Annapolis, MD
23
Votes |
84
Posts
Briyana Hawkins
  • New to Real Estate
  • Annapolis, MD
Replied

Hey Albert! A year later and I’m considering getting a business loan. What did you guys decide?

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