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Listing each of the fees that Lee will encounter in the course of the acquisition and first six months of ownership (renovation period) from the house and Evaluate Those people bills to his resources of funds (financial institution bank loan, seller personal loan, and personal price savings).

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In terms of finances, revenue statements ended up misleading – one particular even failed to include costs of routine maintenance. Lenders were being unwilling to lend greater than 70-eighty% from the capitalized value.

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The Opposition is notified of the majority of bargains before than initially-time buyers, rendering it demanding to entry significant-possible discounts.