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| Re: VTB |  | ||
| Re: VTB -- dlogan9 | Post Reply | Top of Thread | Forum |
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Posted by: mike.g 02/19/2006, 18:18:41 Edit |
Hi, banks want to maintain a clear title. they also want mortage insurance for properties that have a mortgage ratio higher than 75%. that said some lenders don't mind if the vtb is 10% as long as the cash flow services at a 1.20(roughly) debt service ratio. some people have the VTB register later after the close. the bank doesn't like this. personally i don't know many multi res properties that have sold without the vendor holding a bit of the money. the key to this business is aquisition. your properties don't go up in value if you don't have any. |
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