What do people do when They cant sell a property purchased with hard money?
Was just wondering, with all the economy mess today and slow sellers market, how do people really profit from hard money loans, when the property has to be sold in order to make profit? Thanks for any input
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Tags: Hard Money, Money Loans, People
sell property | , 17 Jan 10
By knowitall, January 19, 2010 @ 1:00 pm
The lenders make a great profit. It is the borrowers that are over a barrel. I am one of them. I totally renovated a great little all brick house with granite counter tops, all new SS appliances, and cannot get a buyer! It is priced very low, too. ( Decatur, GA)