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Updated almost 2 years ago on . Most recent reply

James Valice's profile image
James Valice's profile image
James Valice
  • New to Real Estate
  • from Grosse Pointe
  • Member since Jul 12, 2023
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User Stats

19
Posts
5
Votes
James Valice's profile image
James Valice's profile image
James Valice
  • New to Real Estate
  • from Grosse Pointe
  • Member since Jul 12, 2023
Connect
James Valice
  • New to Real Estate
  • Grosse Pointe
5
Votes |
19
Posts
Starting Out

Financing First Deal

James Valice
  • New to Real Estate
  • Grosse Pointe
Posted

I am 19 years old, and after talking to some bankers, I was told that being so young and inexperienced a double-digit interest rate would be the reality I'd have to accept. That being said, I wanted to ask the community for some information and strategies to help me maneuver through this roadblock. Is it illogical to believe that private money would offer me any better rates? How did you finance your first deals? Is seller financing the best option for me? 

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