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Updated about 12 years ago on . Most recent reply

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11
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Ron Clarke
  • Involved In Real Estate
  • Richmond, VA
0
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11
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HML for 1st fix-n-flip..feasible or not??

Ron Clarke
  • Involved In Real Estate
  • Richmond, VA
Posted

For a new REI would using a HML be convenient and what would be the most that the HML will cover or will it depend on the deal that's presented to them?

I guess basically i'm asking how does it work. I know that they have higher interest rates which I don't mind as long as its a win-win situation.

I have my eye on a subject property but trying to see the correct way to go for funding as I don't want to take money away from the family if not necessary.

Thanks in advance

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