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creative real estate: $108,000 Purchase and Rehab Loan - 01/18/11 03:38 PM
We recently put together a one year loan of $108,000 which covered a large portion of the purchase price and all of the client’s construction costs on this single family home. We also included a one year interest reserve, which will be credited back to the borrower if the loan is paid off on time. On this deal, the client had to bring only $25,000 to the table, $20,000 of which comes back to him at deal end through the interest reserve. In the end, the deal will end up costing the investor only $5,000, and the expected retail price upon
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creative real estate: Investment Clubs Spawn Creative Deals - 08/07/07 05:50 AM
These days, investment clubs are not just for local investors. The audience of some "local" clubs can reach into the hundreds with members representing investors, developers, builders, lenders, brokers, agents, teachers, businessmen, and even government officials. The larger investment clubs have nationally recognized speakers at monthly events making members aware of recent trends in the real estate market, giving free tax and law advice, and of course access to industry insiders with a wealth of knowledge about the local market. Other clubs have partnered with members from the National Association of Realtors, The Commercial Real Estate Institute, Urban Land Institute, and
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Craig Grella
Nashville,
TN
More about me
CreativeREO
Address: Nashville, TN, 37214
Office Phone: (615) 657-9103
Email Me
Creative Financing for Real Estate Transactions.
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