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Hard Money

fire580 profile photo
  • Monday, March 01, 2004 @ 10:43 AM EST
  • 6 Comments
100K borrowed - typical lender gets 10pts=10,000 and lender gets 16-18% per year?=another 16,000 In one year lender makes 26,000 on 100K protected with property 60-70 loan to value? How do you go about being a lender - are there licensing requirements etc. I am in the State of Florida
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  • QyitStorrm
    QyitStorrm29th February, 2004
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    Hi Fire580,

    Unfortunately I can't help you with your question as I am a newbie and still learning as much as I can, but my question to you is, do you know of a good real estate investment club in the Winter Springs/Oviedo area? Thanks in advance.

  • QyitStorrm
    QyitStorrm29th February, 2004
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    Reply

    Hi Fire580,

    Unfortunately I can't help you with your question as I am a newbie and still learning as much as I can, but my question to you is, do you know of a good real estate investment club in the Winter Springs/Oviedo area? Thanks in advance.

  • fire580
    fire58029th February, 2004
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    Hello QyitStorrm - no, myself being new I haven't heard of one yet... but I do know there is a large one out of the Winter Park area

  • QyitStorrm
    QyitStorrm29th February, 2004
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    Reply

    Fire580

    Thank you for the info, I will check it out and pass on any info.

    Thank you again.

  • InActive_Account
    InActive_Account29th February, 2004
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    Reply

    You should be able to find the info that you need at this site. http://www.dbf.state.fl.us/licensing/

  • fire580
    fire58029th February, 2004
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    Reply

    thanks for the input Lacashman

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