SoFi Personal Loans for Rehab

[Terence Zhao]

I'm about a week away from closing on a duplex which needs about $15K worth of rehab. I'm looking into SoFi's Personal Loans to help fund the rehab. I live in CA, and this duplex is a rental (i.e, for investment purposes only).

For anybody that has used SoFi before...

Do you have to physically live in the rental property to qualify for the personal loan?

Can I add a co borrower who also lives out of state? He has his own primary residence.

I've called SoFi several times and their answers are always a bit unclear, so I'm hoping somebody has some past experience with SoFi.

Thanks!