"Twitter is the global town square," he said. Our loans are for business purposes only. Zhao added he shared Musk's desire to promote free speech on the platform and purge it of bots and suspicious accounts. We do require strong collateral (the property you're borrowing against), however we can often cross-collateralize a second property of yours to meet equity requirements. We're an investor in Twitter but I'm not running it." "Elon Musk's probably a hard guy for me to predict," he said. Zhao said he had heard of Musk's desire to introduce a fee for verification badges but wasn't aware of the latest developments. The investor conducts an appraisal to determine how much the property will be worth after it’s rehabbed. Initial reports suggested he would charge users $20 for a "blue tick" badge on their profiles, but his latest tweets suggest he is leaning toward $8 instead. Hard money loans are used in real estate investment to allow borrowers to flip properties without having to fund the project completely by themselves. Musk is already discussing plans to improve the platform's monetization efforts, including adding a fee for verified users. He has since dissolved the Twitter board, fired some of its top executives and made himself the CEO. Having initially reversed his decision to buy the company due to concerns over suspicious accounts, he subsequently made a renewed offer, in large part to avoid a contentious legal battle with company management, which sued to force him to buy it after he backed out. The protracted saga over Musk's purchase of Twitter drew to a close last month when Musk agreed to a final deal with the company. risk that profit may not be as much as anticipated in the original pro forma. The "number one reason" for him to buy the social media firm was to make it a "free speech platform," he said. Hard money definition: a hard money loan is a loan borrowed against tangible collateral, rather than by using a credit assessment However, for those who want to close on property sale quickly, or those who have a low credit score, hard money can be an enticing alternative. Swift Lending is a direct licensed Hard Money Lender that will provide you or your organization with real estate investment capital. The term Hard Money Lending has come to refer to short-term non-standard. Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower The construction budget, along with the project pro forma, is one of the most. Our professional hard money lenders for residential homes can help. Best Debt Consolidation Loans for Bad Credit minimum requirements for the borrowers initial hard equity (e.g., cash or. If youre nervous about approval, set those worries aside.
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