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Illustration
John goes to
bank, I need a $200,000 loan
to buy, and remodel a
home so I can flip it for Profit.
Banker says! Your credit score is not
very good,
Best I can do is 9.5% interest
on your loan.
John says No
Way I want 6.2%
Walks out of
bank with No Money
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Bob goes into bank, Banker says 9.5 %
Bob
says Yes
Walks out
with $200,000
Buys this house lives in
and remodels it,
It
takes 2 years.
Sells house for $375.000
( Pays no
Capital Gain Tax)
He Pays 24 months payments At
$975.00 a month
( Which includes
Interest )
Total payments $23,400 Remodel
cost 18,600
Total cost $42,000
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Bob makes
$133,000 Profit
That $66,500 a year,
$5,541 a month
$1,385.00 a week $197.00 a day
8 hour work day Bob makes $24.62 an
hour.
Bottom
line
(POOR) John needs to do the math
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Call
Robert For a loan Application
today.
208-371-7757
Go
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