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Mortgage Update: Outlook is not good.
The economy continues to shudder to a halt. As I write, lower manhattan looks like a ghost town. My local coffee shop typically turns about $1,000/day. Yesterday, Carlos had take...
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I'm 35 I have a good job and great credit however I'm not generating wealth for my family and I've realized that real estate is a vehicle that can get me there. I'm steeped in reading real estate books and listening t...
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If private lending (immediate network of family/close friends) isn't an option, would the next step be a hard money lender? I only need it for the 20% down payment, not to finance the full asset, an 8 unit apt. Is i...
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I've got an interesting short sale going with M&T Bank. I'm wondering if anybody has had any experience with them?
The loan was a construction loan and the amt is 460K. The borrower hasnt made a payment since M...
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I was wondering if all private and HML in IL charge points?
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I'm fairly new to the RE investing and would like to do some short term (6 months or less) in passive investing in the Seattle area. What's the best criteria in selecting a partner in working on a project in my neighb...
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Forgive my ignorance, but I just want to make sure I am thinking correctly.
I have a home equity line of credit that is open and I can draw cash from whenever I want, is a business line of credit along the same theor...
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I recently read a piece by a popular author that observes real estate investors are gypsies when it comes to getting loans. They generally roam from lender to lender to get the best deal at the time for their situati...
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Okay, I am looking to wholesale a bank owned (REO) property in Lincoln NE. It is certain to be a rental property. It is located near a small university in Lincoln and should rent relatively easily for 700 to 800 a mon...
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I talked to a guy today and he basically just left the house he was in. Yeah he has other reasons but he could have stayed in it and could have paid it but wanted out of the house and area.
He ha...