Paying to Get Credit
Aug 5th, 2009 by kyle
Almost all types of real estate investing involves financing in some form or another. Finding a reliable and consistent source for funding your real estate deals can take a lot of time to set up, but once you have it in place it makes everything else you do that much easier.
The problem that many earlier investors get into is that they fall prey to companies that offer financing…for a fee. What are the fees? Well that all depends.
Business Credit News has an excellent piece about the high costs that some of these companies charge. What would you pay for a $100,000 credit line? will give you an idea what the fees are. Also, note my comment while you are there and even reply to it on their site (or more beneficially for me:-), on this site).
Whenever you talk to prospective lenders about financing your projects, make sure you ask for and understand the fees involved. They could make or break your deals (or your bank).
[...] the original: Paying to Get Credit Share with [...]
Interesting and informative. But will you write about this one more?
I really like your blog and i respect your work. I’ll be a frequent visitor.