I am 50 plus with several million and concerned--not scared.

It is the best way to buy property and has allowed me to purchase millions without ever using my own credit.

The community surrounds one of the better private golf course country clubs and homes sell from about $950k to over $6 million.

inCert1=29730Their assets and liabilities report for March 31, 2008 (latest available) shows loans of 19.59 billion with loss allowances of 350 million.

That being said, if one of the big boys came in and dumped $25 million into our laps, it would take us months to put it all to use and it would destroy our model of speed and efficiency.

Less risk of bad things happening if you're borrowing $100K from a wealthy relative that had $2 million in liquid assets.

I think I could do this a million times and it would never get old:) I sent him a video of a double wide I locked up two days ago and offered him a great deal before I jumped on BP tonight.

Why not just get a listing, put in on the MLS, and get your commission.If you dozed it, could you rebuild something and sell it for $1.4 million?

WOWI would try to find another way out of that situation.Unless you have millions of dollars in cash paying 200k to preserve credit and unload bad debt doesn't make sense.If 200k cash represents a large chunk of your liquid wealth I would not do that deal.I am not giving legal advice of any kind.

Where I live you can't really find anything in livable shape for less than $300k, and there are plenty of million dollar listings about a mile south of me, on the water.