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Updated almost 3 years ago on . Most recent reply
Using Personal Loans to buy Rentals or Flip Rehabs
Hello everyone,
I would love to hear from others what sources they use to get capital to buy more deals (rentals or flips)? I know about getting a HELOC, mortgage, cash our refi, portfolio loans etc but what about personal loans through Lightstream & SoFi? I have used LendingClub & Prosper before but they charge too much...
I have heard you can get up to $100K personal loan through Lightstream for a longer period of time...anyone ever done this?
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#1 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
- Lender
- Fort Worth, TX
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#1 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
- Lender
- Fort Worth, TX
@Nicholas Misch this post was from a few years ago (which is fine) but what were you thinking to do with this money exactly? The original post mentioned "buying more deals"...but is that what you were thinking? And what kinds of deals were you thinking? That would help us be able to see what route might be best. Hope that makes sense.