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Loans, Tax Preparation, Auto Club. Have a question, comment, or complaint. © Copyright 2018 Sun Loan Company. All rights reserved. Loan amounts differ by location. Offers featured via a paid Google advertisement contain rate quotes of no greater than 35. 99 APR with lengths from 24 to 48 months with no term less than 24 months. Sun Loan Company personal loan amounts typically range from 2,000 to 5,000.
Your actual rate depends upon loan amount, loan term, credit usage and history and will be agreed upon between you and the lender.
Here are some reasons why cash may be more risky than getting a loan. When you buy with cash you have less properties. The fewer properties you have, the less sources of income you will have coming in, and the more a loss of an income will hurt. If you have 1 property paid for with cash, it really hurts when it goes vacant. That is your only source of income from rentals.
But if you have three rentals that have loans on them, one may go vacant, but you have two more that are bringing in money. When you have multiple rentals, you also have more diversification.
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