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01-07-2022, 08:24 PM #2
...nothing there bro...no offense but don't waste your time...I've seen it several times....from several people...no body will lend on raw land...there is no liquidity...there is a Puerto Rico deal going around that is the same....you have to ask how is the debt going to be serviced...how is the monthly payment going to be made....is there another income producing property to cross collateralize?...If the borrower defaults and now you own the property how easy will it be to be sold to recover your investment? In other worlds how liquid is the property for you to get your money back if the borrower fails?
"Several of the Caribbean lenders do not have funds at this time." scam line right there bro...Last edited by Olderguy; 01-08-2022 at 10:07 AM.
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