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/biz/ - Business & Finance

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16162395 No.16162395 [Reply] [Original]

I can get a $20k line of credit with 8% interest rate from my bank
ideas on how I can use this? please no crypto I already have bags

>> No.16162544
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16162544

>>16162395
>8%
>not getting paid to loan money in the negative interest clownworld
ngmi

>> No.16162559

>>16162395
SRS and when they call say "John doesn't live here anymore, this is Alice"

>> No.16162562

You can buy 100k worth of real estate with that.

>> No.16162604

>>16162544
how does this work?

>>16162562
you mean put it as a down payment for a bigger loan? what kind of real estate can I buy with 100k

>> No.16162620

>>16162604
>>16162562

you do know you cant use a loan as collateral? you will wind up being sued if you lie and are caught.

>> No.16163412

>>16162620
Actual real estate investor here. Dont listen to this retard. I've used borrowed equity on every real estate transaction except my first house because I had no equity at the time.

>> No.16163458

>>16163412
did you declare it?