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Updated almost 8 years ago on . Most recent reply

User Stats

276
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William Brown
  • Wholesaler
  • Los Angeles, CA
181
Votes |
276
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Has anyone thought about this? Or is it illegal?

William Brown
  • Wholesaler
  • Los Angeles, CA
Posted
I had a thought reading a different forum post. Let's say there is a great deal with a price of 100K Your bank wants 20% down = 20K Let's say you only have $4,000. Can you go to a second lender lender for the 20K and they want 20% down = 4K and do it that way? The way I look at it, even though it is extremely impractical, in theory you could take out a $1,000,000 with $1,000 in pocket by daisy chaining loans. Someone lend some insight and reason to my crazy ideas :-)
  • William Brown
  • [email protected]
  • 310-919-0587
  • Podcast Guest on Show #371
  • Most Popular Reply

    User Stats

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    Jay Hinrichs
    #1 All Forums Contributor
    • Lender
    • Lake Oswego OR Summerlin, NV
    63,140
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    Jay Hinrichs
    #1 All Forums Contributor
    • Lender
    • Lake Oswego OR Summerlin, NV
    Replied

    @William Brown  your a little late on space travel.. that's already being done..

    real Estate is about capital.... then deals.. need to focus on capital first then deals.  I think personally its as simple as that.

    business profile image
    JLH Capital Partners

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