If Fannie Mae think 4 houses is too much, why wouldnt private In

Do you really think I dont know this and be in RE longer than you?

Besides, look at financing he got for last property that he posted on TZLC, he already got equity out from his other properties. he is spread thin and now want some one else's money for the deal. It will be a dominol effets if one of his properties failed.

If you are so sure about his ability to manage those deals, so be it. You lend.

My knowledge from book? :)

所有跟帖: 

In a non-recourse loan, borrower's own credit standing -miat42- 给 miat42 发送悄悄话 miat42 的博客首页 (793 bytes) () 06/26/2008 postreply 09:15:52

Now you are so ignorant. Non-resourse loan is based -山高月小- 给 山高月小 发送悄悄话 山高月小 的博客首页 (469 bytes) () 06/26/2008 postreply 09:30:03

You don't know what you are talking about, totally confused -miat42- 给 miat42 发送悄悄话 miat42 的博客首页 (34 bytes) () 06/26/2008 postreply 09:33:33

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