Military Investing

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Clifford Brooks
  • Specialist
  • Hayward, CA
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Personal Loan to Invest

Clifford Brooks
  • Specialist
  • Hayward, CA
Posted Aug 7 2019, 23:05

I recently took out a 30k personal loan to invest with a rental property. I have the rental property locked in including closing cost right at about 30k. The home is rented out and bringing in $625 per month. My payments to pay back the loan are at 758 a month. I plan to refinance the home right after closing to pay my loan back and it seems i will get back right at about the amount that i paid for the house. Is this a good strategy to invest by using a personal loan?

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