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21 February 2025 | 7 replies
For #3, I see multiple properties being sold like this, not $30k; but $200k properties being sold at tax deed auctions for $50k-75k#4 - I don't see how this could be realistic, how would someone have time or money to visit every single property in person especially when participating in multiple auctions across the state?
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1 February 2025 | 1 reply
When you borrow money you agree to pay it back.
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5 February 2025 | 17 replies
In over 15 years of lending our money privately, here are the most common questions we are asked by potential borrowers.
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12 February 2025 | 27 replies
For now I would not waste the money if you are not renting it out.
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4 February 2025 | 1 reply
Military deployment money Lessons learned?
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15 February 2025 | 14 replies
Get that money working for you.As for where to invest.
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9 February 2025 | 3 replies
For me it’s been a blessing and money well spent.
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20 January 2025 | 62 replies
Originally posted by @Michael Kinsella:I would second what @Jay Hinrichs said above...there was a follow up post where someone got a loan from them but for realistic rates 8% or so and few points.. under 6% private / hard money simply does not exist unless its a family friends type situation. that bank rates or lower right now for new construction or fix flip Generally speaking, I would be highly skeptical of rates under 8% for a hard money bridge-type scenario.Hard money lenders are getting their capital from somewhere, and those investors are expecting to earn a reasonable yield.
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9 February 2025 | 4 replies
If you don’t want to spend money I’m pretty sure you could get someone to grade the surrounding dirt and add some gutters for your $5k discount and gain you will have added value and come out ahead.
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15 January 2025 | 13 replies
Well, three top reasons come to mind:It will allow you to deduct their earnings on your own tax return.It is required by law for any person to whom you paid at least $600 in 2023, total.