Seeing Greene: Will Borrowing Money from Family Ruin Your Real Estate Deal?
Seeing Greene: Will Borrowing Money from Family Ruin Your Real Estate Deal?
Abstract
Should you borrow money from your family?
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Now, before you hurry to the nearest
bank, make sure you
understand
the advantages and disadvantages of a bank loan.
Advantage:
It enables you to make significant purchases.
You keep your ownership of the business.
Bank Loans Can Be Adjusted
Credit Enhancements
Disadvantage:
If you are unable to repay the loan, you may face
foreclosure.
Guarantee Secured
Rates of Interest That Are Too High
It Has the Potential to Ruin Your Credit
Putting Your
Credit Scoreat Risk
Now, before you hurry to the nearest
bank, make sure you
understand
the advantages and disadvantages of a bank loan.
Advantage:
It enables you to make significant purchases.
You keep your ownership of the business.
Bank Loans Can Be Adjusted
Credit Enhancements
Disadvantage:
If you are unable to repay the loan, you may face
foreclosure.
Guarantee Secured
Rates of Interest That Are Too High
It Has the Potential to Ruin Your Credit
Putting Your
Credit Scoreat Risk
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If youβre looking to buy rental properties, build a real estate portfolio, and level up your wealth?βyouβre in the right place. But, as the housing market stays red hot, it [β¦]
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