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Updated almost 8 years ago,

User Stats

243
Posts
108
Votes
Moshe H.
  • Rental Property Investor
  • Ramapo, NY
108
Votes |
243
Posts

Personal loan to purchase real estate

Moshe H.
  • Rental Property Investor
  • Ramapo, NY
Posted

I have excellent credit and I've been getting offers from various companies to take out quite large personal loans. For example, SoFi sent me a pre-screened offer for a large loan at attractive terms. But their rules state explicitly that you cannot use the money to purchase real estate (I guess they only want you to throw money away by buying a fancy car or something rather than a sensible investment...). My question is if anyone has a company they can recommend that doesn't make you agree not to use the money to purchase real estate. I think I can do some smaller amounts with credit card "balance transfers" that you can put right into your bank account, but I'm talking about loans for larger dollar amounts.

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