Thursday, March 6, 2008

Hard money myths chapter one

In no real order:

i dont have to provide documentation. (while the property is 75% of the underwriting, we dont want to fight bankruptcy, criminals and other things that tie up our money)

I have an appraisal ( do you believe every movie review without some research?)

as long as i pay high interest rate, i can get a loan:

In Texas property is appreciating ( not everywhere)

I dont have to have money , you are loaning on value (why are you buying at a 50% discount, need good explanation)

There will be more. I would like others to talk about misconceptions and myths, it will help us all with transactions we can close.

www.landstarfunding.com

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