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Updated over 11 years ago,
Pros and Cons of Internet Financing
I am new to Multi Family investment.
I am trying to make an OPM strategy as I don't have my own money.
While I can manage to raise funds for the initial down payment/closing cost from friends and family, I am looking to explore my options to get loan for the rest %. The brick and mortar banks offering 75% of the price, while many internet lenders offering much more, some even 100%. I am trying to figure out the best possible option.
Can anyone give me tips to differentiate between genuine and fakes? any red flag I should watch out for? any pitfall I should know about?
Thank you so much for your suggestions.