They are 8-figure guys and got to have a perfect credit record :)
7% is too high for big-landlord to big-landlord lending.
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Doesn't matter
-Wisdom101-
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06/26/2008 postreply
07:21:54
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So you are saying if the property goes default, the creditor
-山高月小-
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06/26/2008 postreply
07:27:01
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Come on, they are all rich role-models here.
-stap-
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06/26/2008 postreply
07:32:46
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:) Aristotle Onassasis once said
-山高月小-
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06/26/2008 postreply
08:13:13
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Of course, if you can owe a bank $100 million, you
-miat42-
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06/26/2008 postreply
08:28:38
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So you imply theguy is a loser? :)
-山高月小-
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06/26/2008 postreply
08:31:31
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Can you comprehend? I've already explained very clearly
-miat42-
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06/26/2008 postreply
08:35:47
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Can you deduct the conclusion? obviously bank isnt willing
-山高月小-
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06/26/2008 postreply
08:43:35
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That's why I said all your knowledge is book knowledge
-miat42-
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06/26/2008 postreply
08:58:46
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If Fannie Mae think 4 houses is too much, why wouldnt private In
-山高月小-
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06/26/2008 postreply
09:06:40
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In a non-recourse loan, borrower's own credit standing
-miat42-
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06/26/2008 postreply
09:15:52
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Now you are so ignorant. Non-resourse loan is based
-山高月小-
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06/26/2008 postreply
09:30:03
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You don't know what you are talking about, totally confused
-miat42-
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06/26/2008 postreply
09:33:33
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You don't seem to understand the concept of financing
-miat42-
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06/26/2008 postreply
07:36:36
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Educate public, if the house drops the value, do I get my
-山高月小-
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06/26/2008 postreply
08:07:37
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Let me explain to you more about real life financing
-miat42-
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06/26/2008 postreply
08:17:07
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:) at 10% do you think he can make a business out from it?
-山高月小-
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06/26/2008 postreply
08:26:16
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By the way, I am not saying he will be default.
-山高月小-
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06/26/2008 postreply
08:39:28
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In a matured legal society, the trust is bound by contract
-miat42-
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06/26/2008 postreply
09:10:00
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Ha.. you have never done business deal. :):)
-山高月小-
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06/26/2008 postreply
09:34:04
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That is exactly what mean
-Wisdom101-
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06/26/2008 postreply
08:16:28
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I will lend him money if he offers 10% haha
-miat42-
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06/26/2008 postreply
08:18:37
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10%
-Wisdom101-
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06/26/2008 postreply
08:39:48
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10% is too low if your expected hyperinflation does happen.
-stap-
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06/26/2008 postreply
09:02:36
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Very logical because the loan term is only for ONE YEAR
-miat42-
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06/26/2008 postreply
09:06:30
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You have no idea what hypeinflation can do in just 6 months-
-stap-
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06/26/2008 postreply
09:35:02
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how about hyper inflation to wipe out leveraged debts? :)
-山高月小-
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06/26/2008 postreply
09:40:42