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In a couple of months time, Experienced purchased eight houses – many with loans in the same wholesale lender. These lenders must been interested in all of your debt I was building, but they kept approving loans, as per my good credit score and rents covering the mortgage payments. No doubt one of the biggest problems, that we was not experienced enough to detect, was that many of the rents were just $50 to $100 above businesses payment.
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Once you’ve made all your documentation available – you can scan or fax each one of it – you can be approved just in a matter of minutes. Once you are approved, the funds can be in your account within 24 hours, sometimes sooner. Yes, living from a fast paced world does have its strengths.