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26 February 2025 | 16 replies
What if the deal loses money?
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22 February 2025 | 6 replies
@Sarah Hadassah Negrón so you get a money judgment.Now you have to turn that into a garnishment action with the courts.To do that, you typcially need to have the tenant personally served - which means finding them or hiring a skip-tracer to do so.Then, what are you going to garnish?
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18 February 2025 | 6 replies
Over three decades, I've not seen a ton of situations where no money down/100% leverage has worked well.
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15 February 2025 | 6 replies
I do not borrow money for the EMD.
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17 February 2025 | 13 replies
Most hard money lenders can close in 1-3 weeks.
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20 February 2025 | 5 replies
I ran into these gugys personally coming out of the GFC were money was really tough to raise..
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22 February 2025 | 5 replies
That was easy and it was nice to have a bit extra coming in.
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26 February 2025 | 1 reply
I can either purchase the land for 150K+ rehab cost with hard money lender.Or pay what they owe (50K) and get a construction loan and pay them after I refinanced the ARV.
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21 February 2025 | 7 replies
That said, with today's rates, every increment of extra mortgage is way costlier than it was four years ago during the sub-3%-rate Covid days.
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16 February 2025 | 1 reply
Seems like it is best to go with what is written in the will - split the estate and he gets 160k extra.