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15 May 2024 | 4 replies
Using Hard Money 10% down 100% rehab loan to finance the deal.
15 May 2024 | 21 replies
We have also decided that family always comes first, money is just money and if something happens to our partnership or management style we will sell the building.
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15 May 2024 | 7 replies
You can however use a hard money loan!
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15 May 2024 | 10 replies
It depends on the hard money lender.
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16 May 2024 | 4 replies
Also what else can you do with that money that will add value.
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15 May 2024 | 8 replies
some ideas:- yes you could put more money down upfront, even though it's not ideal.- Look for off-market deals that are much cheaper, using hard money and then refinancing with a rental loan.- Find properties where the owner will finance most of it, so you only need a smaller loan with the higher interest for the down payment.- Take over a property where you can continue the seller’s lower interest payments.- Another thought to give why would you want to do a rental at all, I mean those terms are horrible. why not buy something else with a better return on invest?
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15 May 2024 | 5 replies
We're here to help if you ever need hard money lending!
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16 May 2024 | 5 replies
I consulted a lawyer and a few other investors to see if there was anything else to try to do, but they all told me the only way I was likely to see my money was if they went to try to buy a house one day they would need to pay off my "Lien" before proceeding.
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13 May 2024 | 18 replies
My husband Kevin and I moved here a year and a half ago from Frederick, Maryland because the houses out here are considerably cheaper than just across the river into Maryland.
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15 May 2024 | 12 replies
How would you suggest I use this money to generate the maximum amount of monthly cashflow?