Does it happen normally and without there being other guarantees or other properties being supplied as the collateral? Well, much less likely.
The flexibility of the lender also varies by the experience of the borrower. If you are one of the lenders best clients and have done a lot of deals with them and run the properties well then the lender will take this into account.
If you are green, have no money and are a bit starry eyed then you will be working a little harder to get financing.
Quote:
On 2004-09-19 20:26, active_re_investor wrote:
If you are green, have no money and are a bit starry eyed then you will be working a little harder to get financing.
Has it ever happened? Yes.
Does it happen normally and without there being other guarantees or other properties being supplied as the collateral? Well, much less likely.
The flexibility of the lender also varies by the experience of the borrower. If you are one of the lenders best clients and have done a lot of deals with them and run the properties well then the lender will take this into account.
If you are green, have no money and are a bit starry eyed then you will be working a little harder to get financing.
John
[addsig]
Quote:
On 2004-09-19 20:26, active_re_investor wrote:
If you are green, have no money and are a bit starry eyed then you will be working a little harder to get financing.
John
Very well said!