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re: Information for my fellow Real Estate Investors
Posted on 4/19/16 at 11:41 am to Teddy Ruxpin
Posted on 4/19/16 at 11:41 am to Teddy Ruxpin
yeah when people cannot get anymore conventional loans they switch to private loans which are still used long term at a higher rate. Hard money is short term usually at an even higher rate than private loans but for a year or less mainly for fix and flips.
1
Posted on 4/19/16 at 12:00 pm to Fat Bastard
quote:
yeah when people cannot get anymore conventional loans they switch to private loans which are still used long term at a higher rate. Hard money is short term usually at an even higher rate than private loans but for a year or less mainly for fix and flips.
Ah, got it. That makes sense now.
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