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Updated about 6 years ago on . Most recent reply

David Dominguez's profile image
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David Dominguez
  • Member since Nov 7, 2018
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David Dominguez's profile image
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David Dominguez
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David Dominguez
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Starting Out

Rookie Investor question

David Dominguez
Posted

I'm broke. Is it wise to take a bank loan to fund a down payment for my first property investment?

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Londell Reedman's profile image
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Londell Reedman
  • from Pinole, California
  • Member since May 14, 2017
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Londell Reedman's profile image
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Londell Reedman
  • from Pinole, California
  • Member since May 14, 2017
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Londell Reedman
  • Pinole, CA
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Londell Reedman
  • Pinole, CA
Replied

I don't think so because you will be making two different payments. also banks don't like to see new recent loans

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