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Jeffrey Odu
  • Tucson, AZ
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Hard money as down papymeng?

Jeffrey Odu
  • Tucson, AZ
Posted
Would it be a good idea to use hard money loan as a down payment for a multi family loan?

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Chris Tracy
  • Specialist
  • Plainville, CT
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Chris Tracy
  • Specialist
  • Plainville, CT
Replied

@Jeffrey Odu- Typically what you would do is raise private $ and form a syndication to cover the down payment, closing costs, etc.  Hard money is too expensive.  There's a reason why they call it "hard".  lol

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