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Updated about 7 years ago,
Hey smart Lenders, what are your terms?
So, we are interested in working with a lender that can satisfy both our needs.
We are Real Estate Investors here in New York who owns a few contractual properties in Memphis. Each property currently generates an average of 7% cash-flow per month. We just purchased one all cash, but are hesitating on what to do with the others.
We need someone that can come up with a plan to help us as we are planning on buying 50 (or more) properties.
A couple of notes:
- They are all single-family properties.
- The purchase price is around 100k.
- We are searching for AMAZING rates.
- We want to minimize the closing cost fees.
- We are thinking of consolidating a few of the properties into individual LLC's.
- We are thinking of using HELOC on some of them.
Again, there are many things we are looking to do with the funds, but we need someone ( a smart lender) who can provide us with a tailored plan that can benefit each other, specifically having outstanding rates.
Tell us if this all makes sense.