Looking back, it appears that the right strategy was to borrow a million + from the bank, lock it in between 3.5 - 4.0% 30 year conventional and never see these rates again in our life time.

It seems the toilet was leaking, we asked him to turn the water off from the water supply and it stopped leaking.We will be meeting a plumber at the house tomorrow to see what is going on, from reading some posts on here, I have to mention he is a larger person, so he may have unseated the toilet (?).

If ur doing it to borrow $, maybe.

However there is one exception for owner occupied property they will allow the borrower to fund into a trust only.

The fraud committed is called "occupancy fraud" for some reason a lot people in general think it's ok to do this not knowing how serious this is.As the loan is sold up the chain there are several QC checks and if there is any hint of fraud in the file a SARS report is file on the borrower with the DOJ.

So I did it and during the change realtors would stop by and have fun with the idiot from California.

but I'm married to a career Navy guy so this was our last, chosen, stop before he retired in October.I am a physician looking to replace most of my clinical salary so I can practice as much, or as little, as I'd like...while healthcare figures out what it's going to do with itself.

Typically private money is borrowed from an ordinary person that has capital getting a low rate of return.

I'm a prospective borrower looking for money for a fix-and-hold project I'm working on.

The reason is that if these types find out that some little old lady did a contract and they think she I getting cheated, you can toss the whole deal out the window as they can stop everything.