All Forum Posts by: Tony Robinson

@Dmitriy Fomichenko

Thanks for the input! Where are you finding individuals that your trust to loan money to on the real estate deals? Are you lending to friends and family? As I understand it, you can’t use the funds in your own deal.

@May Emery I actually pulled the list from PropStream. The data wasn't perfect, but it's brought a few phone calls! Haven't closed on anything yet though.  

@Stephen Miller thanks for the update! Best of luck to you brotha

@Lawrence Potts have you considered a personal from SoFi, Prosper, Marcus, etc? I’ve read other posts on the forum about people using them successfully.

@Jasmine Coley have you looked into websites like SoFi, Marcus, Prosper, etc? I’ve seen other people on the forum mentioned they’ve used those successfully. And then they just refi out of the personal loan into a fixed loan with a local bank.

Hope that info helps!

 Thanks! Glad to know that this is a viable option!

Were you and your husband able to refi into a permanent loan afterward? I'm looking at a personal loan from SoFi to pay "cash" for a property also, but I'm a bit hesitant that I may not be able to get into a permanent loan afterward. 

Hey @Dennis J Marsack! 

I'm looking at following a similar path (using a personal loan to fund the purchase + rehab). Can you share what your results were? Were you able to secure the cashout refi? 

Hey @Stephen Miller! I'm considering a similar path. Can you share how this worked out? Were you able to do the cash-out refi? 

Thanks!