medium - large loan for a friend to get a house; what interest rate do you charge? (10 year term)
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there’s a startup in this, for sure
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angellist spv for houses
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Replying to @DanielleFong
The government is ill loan them money cheaper then you, so you’re talking about people with life circumstances that make them ineligible for not normal loans. You wanna loan your sketchy cousin $500k?
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Replying to @pt
startup entrepreneurs, contractors, artists, and musicians are all basically screwed by the system as far as loan access, even if quite successful. so i dispute that these people are sketchy, just less legible to a procrustean system
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Replying to @DanielleFong
Contractors is a good category. I’d maintain most of those others are still sketchy though. :) But do you want 4% on your money? Seems like you can do better. It’s hard to scale charity. Institutional capital would want higher rates.
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what i want is for my friends to have a place to live and work!
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