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Updated about 3 years ago on . Most recent reply

Stephen Sherwood's profile image
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Stephen Sherwood
  • Member since Jul 21, 2020

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Stephen Sherwood's profile image
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Stephen Sherwood
  • Member since Jul 21, 2020
Stephen Sherwood
1
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9
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New Member Introductions

Using 100% lenders!!!

Stephen Sherwood
Posted

Hey,

I found lender that’ll lend 100% of cost under $1 million, 5% interest loans so roughly $200,000 is $1073 per month for 30 years. So just wondered if anyone do this to get started finding cash flow properties then refi when you have equity built up.  I’m trying to find what’s wrong with this, if anything besides 5%.  Thanks everyone.

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Jonathan Greene
  • #5 Starting Out Contributor
  • Real Estate Consultant
  • from Mendham, NJ
  • Member since Nov 29, 2016

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Jonathan Greene's profile image
Jonathan Greene's profile image
Jonathan Greene
  • #5 Starting Out Contributor
  • Real Estate Consultant
  • from Mendham, NJ
  • Member since Nov 29, 2016
Jonathan Greene
#5 Starting Out Contributor
  • Real Estate Consultant
  • Mendham, NJ
7,819
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6,755
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Jonathan Greene
#5 Starting Out Contributor
  • Real Estate Consultant
  • Mendham, NJ
Replied

Oh wow, unicorns do exist. Whatever fairy tale this is, it doesn't exist.

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Zen and the Art of Real Estate Investing
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