Personal loan v reg loan
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.
Most Popular Reply
@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