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Updated about 6 years ago, 11/09/2018

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6
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Kyle Surprenant
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6
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Where is everyone getting these 50K personal loans?

Kyle Surprenant
Posted

Hey All, 

I'm looking to move to a nicer area and hope to turn the next SFH I purchase into a rental. Due to this I already target certain homes in terms of square footage and bedrooms ect. Anyways some of my best options in the area are houses that are failed remodels. People bought them, removed the kitchen and bathroom and quit for whatever reason. These home could be purchased at a price that makes sense for be but I would need all cash because you can't get a conventional loan on that type of property. Due to this my first thought was to get a personal loan. However I would need about 50k in conjunction with the cash I already have. Sadly most of the personal loans I am seeing from large banks are only for a max of 35K. Is it possible to just get 2 of these loans or are there other lenders I need to look at. Any additional options I should consider? Thanks!

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