It wasn’t the price tag that made my first deal hard it was the financing.
Back in 1995, I bought a 2-bed, 2-bath condo in Las Vegas for $105,000.
Rates were 7 to 9 percent, and mine landed right at 8.
That meant a $500 monthly payment and I had to bring in almost $30K just to close.
Buying the property was the easy part.
Understanding how to structure the loan? That’s what made the deal work.
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