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Private Lending & Conventional Mortgage Advice

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Anthony Silver
  • Investor
  • Louisville, KY
8
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12
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Credit partnering

Anthony Silver
  • Investor
  • Louisville, KY
Posted Dec 27 2015, 14:49

I have a single family home that I purchased with Hard Money at 14%...I then maxed out 2 credit cards to rehab the unit and it quickly rented for $850/month...I currently cashflow $150/month after I pay my lender...I wish to refinance, but my credit took a hit when maxed out the cards...I was listening to Brandon on Biggerpockets and gave me the idea to take on a credit partner...I owe 33k and the house should appraise for 95k...how do I construct a deal to get this done?  Thanks in advance

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