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2 August 2009 | 3 replies
-to-mo.)Year Built: 1964All information includes both buildings.Estimated Value: $529,794Estimated Cost of Repairs: $250,000 (Professional estimate)Estimated ARV: $840,000Each building sold in 2005 for $450,000 for a total of $900,000Recent sales in the area with 2,000-4,000 less sq. ft. sold for average of $756,000.Thank you for your help in advance.
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27 March 2010 | 11 replies
Thanks in advance!
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25 August 2015 | 35 replies
Thank you in advance for any feedback.Kim
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26 March 2009 | 2 replies
Just looking for some terms to help get them to drop their guard from the beginning.Thanks in advance!
30 March 2009 | 1 reply
Let me answer the question from my point of view:I would never expect a lender to advance me funds directly - the money should ALWAYS be sent to a lawyer in trust.I would expect that my lender would want his lawyer to review the agreement between us to ensure that my lender was covered.I would NEVER expect a lender to lend funds unless the funds were backed up by a hard asset with a substantial sum of money invested in the asset by the person requesting funds.For example - I will have $ 40 K of my own cash into the deal for a house that is valued at $ 180K +, but that we are purchasing for $ 160K.
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9 April 2009 | 11 replies
Credit isn't as important if your interested in creative financing techniques, I would highly recommend spending that money on more advanced education and or marketing depending on which strategy you end up choosing.