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Updated almost 7 years ago on . Most recent reply

Dalton Osmanski's profile image
Dalton Osmanski's profile image
Dalton Osmanski
  • Real Estate Agent
  • from Phoenix, AZ
  • Member since Feb 22, 2017
  • Posts 57
  • Votes 20
  • Experience 8 Yrs
  • Investments 2
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Dalton Osmanski's profile image
Dalton Osmanski's profile image
Dalton Osmanski
  • Real Estate Agent
  • from Phoenix, AZ
  • Member since Feb 22, 2017
  • Posts 57
  • Votes 20
  • Experience 8 Yrs
  • Investments 2
Connect
Dalton Osmanski
  • Real Estate Agent
  • Phoenix, AZ
20
Votes |
57
Posts
Private Lending & Conventional Mortgage Advice

Personal Loans for Financing Rehabs

Dalton Osmanski
  • Real Estate Agent
  • Phoenix, AZ
Posted

I know you're not allowed to use personal loans to fund the down payments on real estate properties  however, are you allowed to use the personal loan to finance the holdings costs and other costs you may incur in the project if it is a fix and flip investment?

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Brian Garrett's profile image
Brian Garrett's profile image
Brian Garrett
  • Real Estate Investor
  • from Palm Beach County, FL
  • Member since Mar 24, 2017
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Brian Garrett's profile image
Brian Garrett's profile image
Brian Garrett
  • Real Estate Investor
  • from Palm Beach County, FL
  • Member since Mar 24, 2017
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Brian Garrett
  • Real Estate Investor
  • Palm Beach County, FL
2,019
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Brian Garrett
  • Real Estate Investor
  • Palm Beach County, FL
Replied

Yep you sure can it's just the down payment that they care about.

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