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Since there is no formal code of ethics for real estate investors, it’s up to each of us to decide how we’ll behave toward customers, tenants, sellers, workers etc. Instead of using as a measure, „what can I get away with?”, or „what allows me to sleep at night?”, perhaps the proper question is, „what’s FAIR?”. Take the time to think about your activities and how they affect people that you come into contact with.
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Get that property under contract by explaining that you are a solutions provider and real estate investor who can help them get out manage your finances online from under their debt.
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Meet with the lender once all the necessary documents are complete. During the meeting, you will be asked to complete application forms. You will also be interviewed and asked to answer certain relevant questions. You have to provide truthful answers to all interview questions and written questions in the form. Not only will your loan be disapproved, you will also be charged criminally with any false information you provide.
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Commercial stated income loans are exposed to fill the niche of borrowers that collect enough income to qualify for the loan, but just don’t show it on their financials. The programs are often structured more as a long term finance option. Fixed rate period range from 3 to 5 years, with a few lenders going out to 30 years fixed. Amortization periods range from 20 -30 years.
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