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Updated over 10 years ago,

User Stats

451
Posts
96
Votes
Timothy Riley
  • Investor
  • Chicago, IL
96
Votes |
451
Posts

How to get and how much to pay on $20,000 1 month loan?

Timothy Riley
  • Investor
  • Chicago, IL
Posted

The scenario:

I need $20,000 to pay off 403 loan and pull down $50,000.

The $20,000 plus loan fee can be paid off in less than a month after the loan check clears.

The purpose: The balance after the initial loan is paid can fix two properties up to rent out at a total of $1600 a month, and will cover half of the amount owed on one property.

My payment back to the loan would be a total of $800 a month (a $200 difference in what im payin now).

How would i obtain such a loan and what can i expect to pay back for a one month loan if possible?

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