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Updated almost 11 years ago,
How many points for triple net?
Hello PB friends,
I have a good friend who is eager to buy and live in a home but cannot do conventional financing due to no credit and no "verifiable" income. Our plan is for me to purchase the property he choices and I triple net lease it to him with interest for a fee equal to the required down payment and closing costs of the aquisition. My question is what is the typical range for points? How much will a bank need me to put down on a investment property (not owner occupied)? Thank you all for your time.
- Joe