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All Forum Posts by: Ryan Pettengill

Ryan Pettengill has started 1 posts and replied 1 times.

Creative Real Estate Financing

Post: Personal Loan vs. Hard Money Option for Down-payment

Ryan PettengillPosted
  • Posts 1
  • Votes 0

Happy New Year All!

I'm hoping to break into the rental investment field and, like many newcomers, I'm running into challenges coming up with a down payment.  I have some savings but I'm hoping to avoid going through all of it on a down payment. 

I was hoping someone could explain the pros and cons between funding a down payment with a personal loan as opposed to a hard money lender.  I have a general idea as to how both work but I'm interested in learning the various nuances when it comes to which option to take.  Thanks in advance!

0 Votes