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  • Profile photo of Joseph_propJoseph_prop
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    @joseph_prop
    Join Date: 2004
    Post Count: 9

    What is this book referring to? Is it refering to $1M in loan amount or property value or what?

    thanks,
    Joseph

    Profile photo of Joseph_propJoseph_prop
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    @joseph_prop
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    Post Count: 9

    Thanks for the reply guys!
    By all means, I am not a beginner investor. I just am looking for new ways to acquire more properties.
    I would like to buy or eventually buy blocks of commercial and or multi-units(40 and above) like Tung.

    Okay, I’ll go ahead and purchase it!

    Profile photo of Joseph_propJoseph_prop
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    @joseph_prop
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    Post Count: 9

    What does $1M in in property in 1year mean? Is $1M the loan total amount in the properties purchased?

    Originally posted by FlyHigh:

    Absolutely worth reading and then read $1m in property in 1 year, his latest book.

    FlyHigh [cap]

    Profile photo of Joseph_propJoseph_prop
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    @joseph_prop
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    Is steve’s book only found in australia?
    From 0 to 130 properties in 3.5 years
    McKnight, Steve.

    Thanks,
    Joseph

    Profile photo of Joseph_propJoseph_prop
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    @joseph_prop
    Join Date: 2004
    Post Count: 9

    Guys,
    Here in USA, CA., owner occupied requires less down. IPs require more. I haven’t seen a lender that will go as low as an owner occupied down payment.

    Okay, i re-read my post and it says interest rates. And yes, the interest rates are almost the same. The rates for IPs are a bit higher but not much.

    So I guess I should say, “Has anyone told lenders that they were going to stay in the property just to get the low down payment and they don’t really stay there or stay there for a short period of time?

    Joseph_prop

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