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284
Zephyr
2008 Dec 3, 5:07am
Paul,
My two year currency forecasts:
Euro $1.00 (if the Euro survives at all)
Pound $1.30
Canadian $0.70
285
kewp
2008 Dec 5, 8:19am
Clearly China could consume more of their own output...
I think they know better than to eat their own dog food...
286
RecentCost
2018 Jul 9, 10:57am
Malcolm says
The vast majority of hard money lenders/brokers will not lend on owner-occupied property because a home owner may threaten a lawsuit. The laws are always in favor of the consumer.
Patrick, that kind of loan actually pays 12% or more. There are hard money brokers I have told you about who do these loans. Yes, it is risky, you have to be very careful about the appraisal and working with a broker you trust. That is not meant to be a joke, you have to find someone reputable to work with. Also, realize that someone's residence is different than say a commercial project. I have seen people get very protective of their home and threatened to sue for such things as usury. Even if the claim is bogus it still scares people. If you have money burning a hole in your pocket and want to lend or invest in real estate get in touch with me and I'll show you how. I am working on some things on foreclosures back east that you will find interesting. You could get in with less than $15,000.
The vast majority of hard money lenders/brokers will not lend on owner-occupied property because a home owner may threaten a lawsuit. The laws are always in favor of the consumer.
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With CD's paying 4%, and Wells Fargo charging 8.8% for a jumbo 30-year fixed, maybe I should finance someone's jumbo mortgage -- but only for a house that I'd actually want to live in. Either I get direct interest payments up around 8%, or, if the user defaults, I get the house. The trick would be to lend only the amount that I'd be willing to pay for the house in the first place.
Is it evil? Is it risky?
#housing