there is a triplex i wish to buy. One of my financing options is to get a 5k loan from a p2p site (prosper.com/lendingclub.com) in order to reach the needed 20% down payment on a standard loan. The problem with this idea is that the p2p loans only last 3-5 years. So, would it be possible to eventually get a third loan to combine the standard and p2p loan together?
I am still very new to the whole investing thing. So far the only personal loans Ive had are from credit cards.
Read more: If i use 2 loans for a house, can i consolidate them at a later?
