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We have just put online here, the information about the Purchase Power Program and how to use it to buy property with NO money out of your own pocket.
The Purchase Power Program is a mortgage product that has the following characteristics:
- Permanent financing with Interest rates, points and balloon terms that are better than those of “hard money” loans.
- The ability to close in the name of an LLC or Corporation owned by the investor.
- Relaxed underwriting guidelines.
- Fast and inexpensive closings.
Go here to get more info.
You might also be interested to know that one of our members has hooked up some SPECTACULAR funding sources that can now tackle projects others will turn down! This gentleman can bring JV partners and huge private funds to bear at interest rates often below 10% with just $1M minimum. See his advertisement at the bottom left of o-grady.com, called the Tom Report.
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