Finance Question? Is This A Good Deal?
I have a local mortgage company that has an in house program for investors. I am new to REI and was wondering if this was a good deal or bad? 85% of the appraisal amount at 10% interest for 12 months. Payment goes only to interest. Does this sound like a standard deal? We looked at hard money loans through Investwell but we do not have 300,000 people in our county so we were excluded.
thanks in advance
Curt B
Missouri
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