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24 October 2024 | 0 replies
The first hurdle was convincing them to leave via cash for keys.
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24 October 2024 | 6 replies
Now suppose going along with the above, the borrower had a $375,000 mortgage (which they DID) on the property at an interest rate of 3.25%.
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24 October 2024 | 4 replies
You should have someone local who can drive by to check on the property, respond to emergencies, conduct regular inspections, etc.
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24 October 2024 | 7 replies
The tools on Zillow and Redfin aren’t especially helpful since the house is off market, and they’re underestimating the number of bedrooms.
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24 October 2024 | 2 replies
Ever hang up the phone and think of one more question?
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24 October 2024 | 5 replies
Overall though, if it's a private loan and not a hard money loan, other than the costs of the loan itself (interest rate, points, etc.) the costs should be pretty modest.
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24 October 2024 | 10 replies
Also, this creates misalignment of interests as the deal unfolds.3) Check the details of the operating agreement.
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24 October 2024 | 13 replies
Hey Priyanka,Welcome to the forums!
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25 October 2024 | 1 reply
Can't wait to dig into the forum and learn more from everyone on here!
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4 October 2024 | 16 replies
I guess I'm the rare contact in the rolodex that will give folks the good and the bad.I help people invest in Detroit and I get paid to do that.