Always Pay Your Lender
In the real estate investment world, your money source means everything. With out money, you have quite a rough time closing deals. Having a good relationship with a reliable lender goes a long way. You want to have a lender that is able to be one call or email away in order to get a deal done for you. Sometimes a deal might go a bit over budget or you might run into a snag. It is very important to make sure you pay your lender. If you don't pay your lender, not only does the situation get very messy but you are effectively knocking yourself out of real estate investing by cutting off your funding source. If you have to take a small loss to make a payment, it is far better than not making that payment and never being able to do another deal. Keep that relationship as favorable as possible as it is not one you want to burn.
Ian Walsh
215.839.3271
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