Very clear. Thanks. But...

But why do I go to a bank when I got your money already?

If you lend to me, I pay 10% APR. I put a lien on the house, and you're the lien holder. If I default, you get the house. No bank involved. Is this clear?

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Still hoping, though -sunskitehomes- 给 sunskitehomes 发送悄悄话 sunskitehomes 的博客首页 (0 bytes) () 10/30/2009 postreply 12:43:55

远程房产投资 is high discouraged, see 大师们的教导 -sunskitehomes- 给 sunskitehomes 发送悄悄话 sunskitehomes 的博客首页 (0 bytes) () 10/30/2009 postreply 13:20:27

Good point, very insightful -sunskitehomes- 给 sunskitehomes 发送悄悄话 sunskitehomes 的博客首页 (0 bytes) () 10/30/2009 postreply 13:32:39

would you be kind enough to let me know ... -sunskitehomes- 给 sunskitehomes 发送悄悄话 sunskitehomes 的博客首页 (113 bytes) () 10/30/2009 postreply 13:42:49

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