Creative Financing Gone Awry

A few years ago, the Pasadena real estate market offered something for everyone. It did not matter if you classified yourself as an investor, a speculator or just a homeowner, the opportunity was there to buy real estate with Monopoly money. The late night TV infomercials refer to it as OPM or "other people's money". Create wealth, build your portfolio and retire rich, just don't use any of your own cash. Generally speaking, if money is readilly available the chance of abuse will likely … [Read more...]