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4
marishiten 4 points ago +4 / -0

Then sue to get your money back or have the bank reverse the loan and charge the tenant for all the fees.

5
Hippopoonis [S] 5 points ago +5 / -0

It was a cash buy.

2
NC_patriot 2 points ago +2 / -0

They also used a hard money loan, which is odd, since they usually won't lend to you if you intend to be an owner occupant. Hard money is only for flips and rentals.