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Investing & Financing: Financing
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Hey everyone,
I've decided to wonder off in the real-estate world and i'm in need of an experienced land lord. Also if you have a experience in getting financed for building town homes I could greatly use some advice.
If anyone has few moments to spare please PM
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Hows your credit?
Proud founder of YGG -
How much capital do you have to invest on your own? Banks, in my humble opinion, are more likely to lend to you when you are willing to put your own cash on the line.
My Personal Finance Blog -
Hey Eric,
I don't know what my score is, however I haven't missed any payments when I bought my car new two years ago and paid it off. I also have a credit card I use for gas and other necessity and I have never missed a payment. The draw back to being twenty three is you don't have much credit. The great this is I’m young :) hehehe
Hey Kevin,
Well as far as capital I have roughly 45K in mutual funds and 8K in IRA and 4-5K in the bank. I was considering putting a lean against my mutual funds.
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What do you mean putting a lean on them?
You have to look at it from the lender's perspective. If you aren't willing to put any of your money on the line up front, why should I give you mine to use? You must not be confident in your abilities to get a return on my investment. So what's in it for me?
Just my two cents.
My Personal Finance Blog
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