Taking out loans for real estate and wholesale

Taking out loans for real estate and wholesale

Member since 2018 · 34 posts · 4 votes

Is it bad idea to take out any kind of loan to start bidding or just to have money for closing deals for wholesaling or real estate strategies ?!?!?

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Mindy JensenPro Member
BiggerPockets Money Podcast Host · Longmont, CO · Member since 2014 · 7k+ posts · 10k+ votes
7y
Yes.
If you don't have money of your own to invest, how are you going to pay back the loans if the deal goes south?
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