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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: RetiredNow who wrote (108889)6/29/2010 3:35:32 PM
From: Broken_Clock  Read Replies (2) of 110194
 
MM
Try doing some hard money loans. Do not go above 50% LTV on a first, be sure to use a reputable title company... and make sure you can accurately ascertain what the property will be worth in a year or two...which may very well be when you own it. The guiding principle is what would I pay for this property is two years given RE will still be cratering then.

You can take your time and learn a lot about it in a fairly short amount of time. I would be leery of candidates that come to you with outdated or suspect appraisals that inflate the value of their properties.

SFR is best. Commercial I would be wary of....

Better to spread risk over more properties at smaller loan amounts that one big one.
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