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Updated over 8 years ago,
Finance Advice for $70K
Hi there,
Can you please provide some feedback on this situation. Should I walk to the bank and ask for a personal loan, use prosper, lendingtree, 401K loan, or reach out to a hard money lender?
Property #1 cash purchase, delayed financing will take about 45 days.
Property #2 I can buy it if I pay cash, but I am short between $50K or even $70K if the bank counteroffers. Unfortunately, I need the $50K before getting the cash out of property #1. Property #2 is a shortsale and they will foreclose soon.
Any tips are greatly appreciated,