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Updated almost 11 years ago,
Insight on obtaining Buy and Holds using private or hard money loans
Hey Guys,
I am curious on how purchasing a buy and hold property using private money or hard money loans is structured? First, what is a typical rate to offer the lender? Second, what should the terms be? I am under the assumption that you would refinance ASAP in order to pay off the original lender. Is this correct?
- Michael Baradell