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Updated almost 11 years ago on . Most recent reply

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Walt Payne
  • Real Estate Investor
  • Sebastian, FL
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Private lender says no triplex houses

Walt Payne
  • Real Estate Investor
  • Sebastian, FL
Posted

I know most here deal with all kinds of stress in our lives, so I had to share this funny story.

Last night I was taking to a potential private money lender, a sweet old widow, and she was finally at the point of committing. Then she says "but I don't want to hear anything about those triplex houses". But the way she pronounces it is like you would say XXX houses. And after a little discussion I find that she thinks triplex homes are essentially porn centers, and she "wanted nothing to do with porn, being religious" and nothing I could say would convince her otherwise. So finally I replied that I would not be investing in any porn houses, with her or anybody else's money.Since I invest in SFRs only I was willing to commit to avoiding XXX houses, I guess if I come upon a great deal for one I'll have to see if I can find a XXX buyer to wholesale it to.

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Bill Gulley#3 Guru, Book, & Course Reviews Contributor
  • Investor, Entrepreneur, Educator
  • Springfield, MO
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Bill Gulley#3 Guru, Book, & Course Reviews Contributor
  • Investor, Entrepreneur, Educator
  • Springfield, MO
Replied

Actually, it's a single family home with maid's quarters and a mother-in-law suite. :)

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