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Updated over 10 years ago on . Most recent reply

Kevin Tarver's profile image
Kevin Tarver's profile image
Kevin Tarver
  • from New York City, New York
  • Member since Jan 9, 2014
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Kevin Tarver's profile image
Kevin Tarver's profile image
Kevin Tarver
  • from New York City, New York
  • Member since Jan 9, 2014
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Kevin Tarver
  • New York City, NY
1
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33
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Creative Real Estate Financing

Personal loan v reg loan

Kevin Tarver
  • New York City, NY
Posted

hey I'm thinking using a personal loan to finance my first investment. 50k take my down and pay for any extras. I wanted to know anyones thoughts? Thanks.

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George Maka's profile image
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George Maka
  • from Irvine, CA
  • Member since May 8, 2013
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George Maka's profile image
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George Maka
  • from Irvine, CA
  • Member since May 8, 2013
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George Maka
  • Irvine, CA
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George Maka
  • Irvine, CA
Replied

@Kevin Tarver As long as the numbers make sense, then I would say to go a head a do it. Normally, a personal loan has a higher interest rate and the terms are usually short, which increases the monthly payments. Not sure what your investment strategy is with this loan, but if you can cash flow or profit from it, then yes, it would make sense.

George

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