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Updated over 10 years ago on . Most recent reply

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67
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4
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Barbara Long
  • Martinsburg, PA
4
Votes |
67
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I need more buying cash

Barbara Long
  • Martinsburg, PA
Posted

sorry no picture yet, I will. Your talking to blond hair blue eyed Barb. But anyway, I'm new here. I've been using my own cash to buy properties. How can I get more cash to start buy low rehab and sell. I don't want to do hard money lenders. I don't want to put a line of credit on m own house, don't really like getting friends and family involved as  lenders. Did talk to some banks..line of credit from my hair business...or line of credit on rental properties I have or any other ways???? I did see on one of the blogs about refinancing some of the properties?? hmmmmm...HELP! There is 5 houses within 5 miles of me vacant and ready for rehab at unbelievable prices!!! I need cash NOW!!! 

Most Popular Reply

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22,059
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14,127
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Jon Holdman
  • Rental Property Investor
  • Mercer Island, WA
14,127
Votes |
22,059
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Jon Holdman
  • Rental Property Investor
  • Mercer Island, WA
ModeratorReplied

A new loan will require some sort of appraisal.  Tax assessments are useless for valuation.  Sometimes its a thorough appraisal, sometimes just a desk valuation done by the bank.

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