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Updated almost 14 years ago on . Most recent reply

Maryann L.'s profile image
Maryann L.'s profile image
Maryann L.
  • Specialist
  • from Massachusetts
  • Member since Feb 6, 2009
  • Posts 858
  • Votes 305
  • Experience 15 Yrs
  • Investments 104
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Maryann L.'s profile image
Maryann L.'s profile image
Maryann L.
  • Specialist
  • from Massachusetts
  • Member since Feb 6, 2009
  • Posts 858
  • Votes 305
  • Experience 15 Yrs
  • Investments 104
Connect
Maryann L.
  • Specialist
  • Massachusetts
305
Votes |
858
Posts
Ask About A Real Estate Company

AEGIS transactional funding - Good bad ugly

Maryann L.
  • Specialist
  • Massachusetts
Posted

I'd like to hear people's experiences with Aegis. I'm looking for longer transactional funding. 30-90 days. If anyone has used them, would you let me know your thoughts?
Thanks

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Eric M.'s profile image
Eric M.'s profile image
Eric M.
  • Flipper/Rehabber
  • from Louisville, KY
  • Member since Aug 3, 2008
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Eric M.'s profile image
Eric M.'s profile image
Eric M.
  • Flipper/Rehabber
  • from Louisville, KY
  • Member since Aug 3, 2008
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Eric M.
  • Flipper/Rehabber
  • Louisville, KY
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Eric M.
  • Flipper/Rehabber
  • Louisville, KY
Replied

I have not used them. Have read posts from 1 person who has and everything went fine apparently.
Be sure to look closely at their contracts.
Realize that this is not a loan, but an equity investment.
There is no foreclosure process or "borrower protections" if you default. In fact, the contracts say they can simply take the property from you for any reason at any time. That might be ok with you and they might not abuse it...but buyer beware.

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