Down Payment Methods

[Matt Berte]

Hey all!

Struggling with coming up with a down payment on my second rental property (don't have enough equity in my other property for a HELOC) A home loan Amy work but those are harder to come by in Rentals? I am trying to put this together in my head but am having a hard time. Chase offers personal loans on your credit card with fixed interest rates 6.99-8.99 APR. they deposit cash into your account within 1-2 business days. Would it make sense to take out say 25k (my max) to put down on a property? Would there be a way to pay it back sooner to avoid the monthly payments with the higher interest rate? I am newer to this exhausting all my options to get this done. Any input would be great appreciated.

Thanks,

Matt