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24 August 2014 | 2 replies
to "borrow everything possible!"
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24 August 2014 | 16 replies
I have recently worked on several commercial deals where the borrower was concerned with Phantom Income.
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23 August 2014 | 7 replies
I went into commercial lending as the deals are bigger and the borrowers are more professional.
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25 August 2014 | 21 replies
The mortgage broker is collecting a fee each time he closes and it may make sense for the borrower in that the first loan may have been high, except that the borrower should have gotten a better rate.
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26 October 2018 | 14 replies
The borrower likely has no track record and is moving from residential to 5+ units, the sellers tend to keep poor books as they manage themselves with those few units, at a 10 unit level you really can't land a professional multifamily PM company as it's not worth their time versus larger buildings.
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27 August 2014 | 3 replies
If you are asking this question to the forum, it makes me wonder if you have concerns regarding lending from someone you know as opposed to borrowing from a financial institution.
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27 August 2014 | 3 replies
This program is also great for getting around Debt to Income issues for self-employed borrowers and again compensating factors.
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24 January 2017 | 30 replies
If you can set it up like that, then maybe you can borrow from friends or family and pay them back right away.Hope that helps.
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6 September 2014 | 12 replies
If I can go ahead and get another ~50k (perhaps borrow from my parents, though they seem to think the idea of flipping is silly and a waste of time so I don't know about that), I might go ahead and purchase a list for some direct mailings.
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8 September 2014 | 1 reply
Most borrowers, when exercising a lease-option on a commercial property will use an SBA loan.