Using a 2.99% simple interest rate personal loan to invest

[Austin Cole]

This May my fiancée and I graduate college and will commission into the Air Force. Since we both did ROTC we each have access to USAAs career starter loan which is a $25,000 loan at an interest rate of 2.99%. If we take out the loan we have 6 months before the first payment is due. We have been thinking of using the $50,000(if we both take out the loan) along with money we have saved while in college to use as a way to fund our first BRRR deal, or a fix and flip.

Our question is would it be smart to take out this loan to get a head start on investing, or should we spend the next few years building the capital ourselves without taking out a loan?