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Updated over 4 years ago on . Most recent reply

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Paolo Steffen
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4
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Finding a lender while furloughed

Paolo Steffen
Posted

Due to Covid-19, the company I work for had to shut down and I have been furloughed as a result. I have been with the company for two years and have purchased a property in 2019 no problem. I am constantly looking for my second deal and originally planned on getting a loan with a bank or hard money lender but now that I am furloughed, will anyone dare risk lending to me? Do I have any options right now? I have no idea when this will all end. My job is waiting for me once we reopen the state. Should I just stop analyzing deals for the time being? I have a little in savings but not much. Will definitely need a loan for my next deal. Any help is appreciated.

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