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24 August 2017 | 42 replies
You at least should have complete copy of leases for all your units..If you inherited these tenants the previous owners leases would have been in effect until lease term ended,, so have you been able to track lease end ??
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18 March 2018 | 8 replies
gotcha... although if you just hand in the keys your walking from your downpayment and whatever cash you have in it.your sense are correct all these folks singing on massive debt with 5 year calls are taking a certain amount of risk.. just need to look back to 08 09 when no one could refi and all these properties changed hands.. it was not because of poor operators basically it was frozen credit and banks not relenting or walls st.. hedgefund bought said notes from failed banks and refused to rewrite and took the assets.. since they paid pennies on the dollar for the paper.. foreclosing and reselling was still a better play for them..
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3 April 2018 | 12 replies
Probably should drop some names here, what do you consider a "lender" Do you bank with credit unions or regional banks?
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23 August 2017 | 26 replies
If you had that kind of money and credit, wouldn't you take out a mortgage for $53M at 4% if a bank would lend it?
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1 September 2017 | 39 replies
I saved most of that, I have a small 10k loan at 8.5% interest rate that I got unsecured from a credit union.
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22 August 2017 | 2 replies
A lot of people give up at that stage but if you track down the owners, you may be the first person to approach them because it takes additional work.
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22 August 2017 | 2 replies
Also it makes it more difficult that you dont have any experience level or track record. keep looking you will find a lender but again keep in mind your credit score, finances and experience level will all factor that number of lenders that will open up their bank accounts to you.good Luck
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22 August 2017 | 2 replies
I cannot remember which ones are easily available...Does anyone know if the Credit Suisse one is publically available?
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22 August 2017 | 0 replies
I'm trying to track down a few property owners in Ramsey county.
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4 July 2020 | 4 replies
But how do I go about paying and tracking the monthly payments to the HELOC.