The process of lending fund to me...

First of all, I need to know you are committed to lend me the fund so I can make contract offers to a specific property with your commitment letter.

Then, if I win the contract, you will act as my bank. You do not send the money to me at all. You wire the money to the title company and put a lien on the house I purchase. I will spend the money to renovate the house. At the time of the sale, your principle and interest will be paid first, and then the left over will be mine.

This is already safe enough for you. If you are still not comfortable, we can have an agreement signed with a public notary that if the house is sold at less than the fund you put in, we will pay that difference to you so you have no way to lose anything.

I know the local market so well that I have no way to lose anything, even if the market goes down 30%. This is actually a win-win situdation.

所有跟帖： 

• What is the interest? -凤姐虎弟- ♀ (0 bytes) () 08/30/2010 postreply 10:23:20

• 10% annual interest rate -va_landlord- ♂ (0 bytes) () 08/30/2010 postreply 10:25:12

• So I put forward all the money to buy the house ... -Hype.Time- ♂ (256 bytes) () 08/30/2010 postreply 10:23:35

• I pay to renovate and I always sell a little lower than market -va_landlord- ♂ (115 bytes) () 08/30/2010 postreply 10:26:57

• The lender is paid first, and then me -va_landlord- ♂ (0 bytes) () 08/30/2010 postreply 10:29:04

• 搞个啥公司.用地主婆人报报税.不就多个人头可以借啦..当然需要时间啦.... -MrsKwok- ♀ (0 bytes) () 08/30/2010 postreply 10:44:24

• Next, I will let her to get 4 mortgages -va_landlord- ♂ (79 bytes) () 08/30/2010 postreply 10:51:08

• yes .understand:)))) -MrsKwok- ♀ (0 bytes) () 08/30/2010 postreply 10:54:45