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Updated almost 6 years ago on . Most recent reply

Greg Mckeever's profile image
Greg Mckeever's profile image
Greg Mckeever
  • Rental Property Investor
  • from Springfield, OH
  • Member since Mar 6, 2018
  • Posts 6
  • Votes 0
  • Experience 7 Yrs
  • Investments 1
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6
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Greg Mckeever's profile image
Greg Mckeever's profile image
Greg Mckeever
  • Rental Property Investor
  • from Springfield, OH
  • Member since Mar 6, 2018
  • Posts 6
  • Votes 0
  • Experience 7 Yrs
  • Investments 1
Connect
Greg Mckeever
  • Rental Property Investor
  • Springfield, OH
0
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6
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Buying & Selling Real Estate

How easy is it to refinance a personal loan into a Mortgage?

Greg Mckeever
  • Rental Property Investor
  • Springfield, OH
Posted

I am considering taking a personal loan (20% interest @ 5 years) for a nice house that is going up for auction next week. This is a cash only deal, with lots of potential. My plan is to BRRRR. I'd like to find a hard money lender, but instead have opted for a personal loan until I can refinance out of the loan and into a comfortable 15 year mortgage, or even better do a cash out refinance if possible. Anyone have any similar experience with this, and want to share your stories, tips or advice? Or possibly point me in the direction of hard money lenders?

Thanks, 

Greg

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