Hey All-I'm a senior citizen planning to retire within the next 3 years.

I hear all the time from investors and real estate agents to stay away from the big banks and go with local lenders, and I just want to share my own personal experience that contradicts that advice.First of all, some background information: I was a Canadian citizen working in the US since 2009 under a H1B visa, and I had built good credit and had a good stable income.

We're financing ours through Citizen Bank.

If there are 3 people on a team Senior director, director, junior agent the split might be like this 25,000 senior director,15,000 director, junior agent 10,000.I am a principal broker working with the buyers one on one to find a good property to buy.

There is a good chance there is a staff or senior accountant with a firm who is choosing to focus their knowledge and client base on real estate. 

In an other scenario the coach is purchased by seniors who are downsizing and have sold their family home. 

Economically it would bring in another stream of revenue for the city/towns and allow its citizens to get to Boston area jobs where wages are higher and bring it back to that community to inject economic spending. 

depends on if your accredited or not.I know one firm in Oregon that pays 6% for senior demand notes with a 30 to 60 day call.. good place to sweep funds. 

Can the security interest in the property be a second deed of trust or does it need to be senior?

Background check includes bank statement to prove they have income, ID, proof of US citizen and that's about it.Too good to be true?