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re: If you received $500K, how would you invest it?
Posted on 5/14/14 at 8:56 pm to tiger94gop
Posted on 5/14/14 at 8:56 pm to tiger94gop
quote:
Not true
What bank? If there's a financial institution that is crazy enough to do it, that interest rate would be at least 10%, and you would generate a substandard IRR for the project.
Posted on 5/14/14 at 10:13 pm to wpsnickers
I can get sub 5 all day with 20% down 20 year , 3.5% with a 3 year right now , maybe not Bank of America but plenty of larger state banks.
And there nothing wrong with mom and pop banks they loan money and give you credit for your next project, and on top of that you get fun trips!
I would also like to add dealing with majors sucks anything goes bad they sell your shite! No questions asked. I'd never do a loan with a major unless it was 5 mil plus
And there nothing wrong with mom and pop banks they loan money and give you credit for your next project, and on top of that you get fun trips!
I would also like to add dealing with majors sucks anything goes bad they sell your shite! No questions asked. I'd never do a loan with a major unless it was 5 mil plus
This post was edited on 5/14/14 at 10:18 pm
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