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The Water Cooler
General Discussion
How did your investments do in 2019?
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<blockquote data-quote="CHenry" data-source="post: 3310474" data-attributes="member: 6281"><p>We were talking about rental property. If I was a slum lord with 10 properties and some being residential and others commercial, I'd be i a LLC so thats commercial. So if I had money leveraged for those properties, its not a personal mortgage. Its a commercial loan and those are more callable. They may have changed those banking practices but 5 years ago it was quite common.</p><p></p><p></p><p>AT NO TIME WAS I TALKING ABOUT A PERSONAL MORTGAGE.</p><p>But those can have Call provisions in them also.</p></blockquote><p></p>
[QUOTE="CHenry, post: 3310474, member: 6281"] We were talking about rental property. If I was a slum lord with 10 properties and some being residential and others commercial, I'd be i a LLC so thats commercial. So if I had money leveraged for those properties, its not a personal mortgage. Its a commercial loan and those are more callable. They may have changed those banking practices but 5 years ago it was quite common. AT NO TIME WAS I TALKING ABOUT A PERSONAL MORTGAGE. But those can have Call provisions in them also. [/QUOTE]
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