So I'm just sitting here thinking, um, imagine you took out one of those private loans with super high interest, expecting you'd flip a house quick or something, and things just didn't pan out. Like, maybe the renovation dragged on forever or the market took a dive. How would you handle paying it back without totally wiping yourself out financially? Curious if anyone's been through something similar and found a way to manage without losing sleep every night...
I totally get your concern—high-interest loans can spiral quickly if things don't go as planned. If I were in that spot, I'd probably look into refinancing options ASAP or maybe even negotiate directly with the lender. Sometimes they're willing to adjust terms rather than risk default...
