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  1. I had a meeting yesterday with a big time investor in my area. The meeting was to discuss ways we could work together. She asked me about my business and I explained how I do CA's and SLO's, but when I talked about double closings with SLO's she laughed and took it more as a joke. Her response to my SLO explanation 1st was no one would sale there house to me for 100k knowing I would sale it to a tenant buyer in the future and make 10k profit. So, I explained to her a little more how that would sound in a conversation with the seller. After my explanation she was a little more understanding, but insisted that even if I got the seller to agree it wouldn't work because no mortgage company would finance the deal. She explained that if I bought from the seller and got an appraisal around 100k and there was a simultaneous or double close. And then Closed with the buyer and there was another appraisal for 110k they wouldn't do it because the deal would seem fishy. Maybe it could be done if there was a 2k profit but never, I repeat, never if the profit was 10k or more. She said those days of real estate are over. Especially since back in the day Mortgage companies could use their own appraisers. But have to use a 3rd party in todays market, it simply wouldn't work. I have never actually done a SLO, so all I have is theory. So my question is, how right or wrong is she? Are SLO's dead?
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