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Updated about 9 years ago,

Alfredo Chavira's profile image
Alfredo Chavira's profile image
Alfredo Chavira
  • from El Paso, Texas
  • Member since Dec 20, 2015
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6
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3
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Alfredo Chavira's profile image
Alfredo Chavira's profile image
Alfredo Chavira
  • from El Paso, Texas
  • Member since Dec 20, 2015
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Alfredo Chavira
  • El Paso, TX
3
Votes |
6
Posts
Buying & Selling Real Estate

20% down with a loan

Alfredo Chavira
  • El Paso, TX
Posted

Hi, I'm wondering if it is illegal or if it is simply not a good idea to get a loan from say Wells Fargo, put it in my savings account and sit on it for a couple of months and then use it to help pay for a 20% down payment on a potential rental property? 

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