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There are two different kinds of debt: recourse and non-recourse.
Recourse debt is when the borrower is personally liable for the entire debt amount, regardless of the collateral or the security that's being offered on the loan.
Non-recourse debt just means that the borrower is not personally...
Leverage is the concept of using other people's money. Specifically, in real estate, leverage means using bank debt, thereby reducing the amount of capital or equity that the investor needs to come up with in order to do the acquisition.
Today I'm going to show you three different...
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