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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: neolib who wrote (107153)	2/28/2008 11:51:24 AM
From: BWAC	Read Replies (1) \| Respond to of 306849

Problem is that you can't take your note up to the discount window and get fresh cash to leverage.

To: neolib who wrote (107153)	2/28/2008 2:03:57 PM
From: bentway	Read Replies (1) \| Respond to of 306849

" I'm a little surprised that some enterprising dotcomer has not set up an ecommerce business specifically to connect private, small investors with private, small borrowers for real estate." That's a really good idea. I had some yuppie engineer friends that were getting into an MLM scheme so they could start building "multiple income streams" other than their salaries. What better way to do that than the scheme you describe? This would be the perfect time to do it, with credit getting really tight. My parents carried the note on a house they sold. It had a provision that allowed them to repossess if the buyer failed to make payments for ninety days. After 90 days, they could sell the place again. Very little risk there.