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Updated about 4 years ago,

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8
Posts
1
Votes
Jim Lowe
1
Votes |
8
Posts

Using a personal loan for a flip?

Jim Lowe
Posted

I'm curious if anyone has used a personal loan to fund a rehab and flip?  I have good credit and a decent bit of cash but still need to finance in order to start flipping. I'm worried because I'll be a first time flipper, I will not be able to find a hard money lender that will lend to me. 

If you have used a personal loan for a flip, is there anything "shady" about doing it that way and did the lender know you were going to use the loan for a flip?

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