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Author Topic: should i go for hard money loan?  (Read 1046 times)

Offline leasimpsons

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    • Rehab Real Estate - The Ultimate Real Estate Investing Guide
should i go for hard money loan?
« on: April 22, 2010, 03:21:27 am »
 

Through the years, it has made many millionaires and billionaires -- young and old, men and women alike. However, we also cannot discount the fact that many have lost much. One reason for this is the fact some investors rely on hard money loan to finance an investment.

Sometimes, this is seen as a wrong move. Instead of increasing your chances of profitability, you end up losing in the end without any amount of savings left in your personal account. So when do you think is the right time to settle for a hard money loan? Is it a good idea to borrow hard money loan to finance your investment?
-----------The Ulitmate Real Estate Investing Guide---------

Offline ryanmeff19

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Re: should i go for hard money loan?
« Reply #1 on: April 22, 2010, 10:11:54 am »
the phase "how long is a string?" comes to mind. That, of course, depends on the string and your answer depends on the investment. We need a little more info to make an educated decision. If you're using a hard money lender to back Aunt Susie's Celebrity shaped Cookies then I'm gonna have to say no. If your buying a house to .40 on the dollar and have tennents lined up and it cashflows $400 a month then probably.

 




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