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Updated almost 4 years ago,

User Stats

37
Posts
3
Votes
Dennis J Marsack
  • Port Huron, MI
3
Votes |
37
Posts

Large personal loan for first flip?

Dennis J Marsack
  • Port Huron, MI
Posted

Hey guys, my Fiancé and I were discussing possibly taking out a large personal loan (from like prosper or even financial..) to fund a fix & flip deal.. what are your thoughts on this? Could it work to buy a foreclosed home? Haven’t narrowed a specific deal yet, just looking at options.. seems to be a lot of foreclosures popping up in our area.. 

any insight would be greatly appreciated! 

Thanks

Dennis

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