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» Brokers: Get Straight Answers from Clients

Posted on 10/11/2004
Brokers! When working with clients to obtain hard money loans, it is important that you root out straight answers right from the start.

Purchase? Find out the actual price your client will pay for the property - unless you are working with a rehab lender, the loan will be based on the actual purchase price. Refi? Have your client get a licensed real estate appraiser to make an appraisal, so you have concrete numbers to work with.

Having honest, correct info from the start can save you hours of barking up wrong trees.
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