Using A Personal Loan To Purchase a Property

[Alessandro A.]

I have about 90k in cash. I found a good deal with a 90k purchase price that needs $7k in rehab. I am considering a personal loan from a lender such as Lightstream for about 35k and funding the rest of my deal with my cash. Would there be any issues with this process? I plan on cash-out refinancing once the property is rehabbed and rented.

[Clifford Paul]

A better option is use a zero percent credit card for the rehab.  I did this many times throughout the years.