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Updated about 8 years ago on . Most recent reply

Ronny Tiburcio's profile image
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Ronny Tiburcio
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Ronny Tiburcio's profile image
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Ronny Tiburcio
  • from New York City, NY
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Ronny Tiburcio
  • New York City, NY
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Private Lending & Conventional Mortgage Advice

Am i paying too much on interest for my loan

Ronny Tiburcio
  • New York City, NY
Posted

Hey guys, I am currently exploring my different options, in terms of financing my first deal. The first private lender asked for a 8% interest rate and agreed to pay 80% of the purchase and price and 100% on the rehab cost. Would this be considered a good deal?

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Russell Brazil
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Russell Brazil
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ModeratorReplied

Yes that would be a fantastic deal

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