Then there are the issues of misusing terms to slide ideas past, buying under market value, claiming instant equity on a deal and financing blue sky as an acceptable collateral amount.Lots of wild ideas, presented with a somewhat twisted logic, a dash of hype and ignorance of the consequences is where most are in suggesting "creative financing".I do like other people's money over bank financing in some cases, especially in the short term, which can be up to 5 years, but banks usually have a better solution long term.

I get that some people aren't on top of their finances and misuse credits cards.From the posts I've read I see two potential problems. 1- Disputed charges will typically favor the card holder (i.e.

Lots of examples of terms misused, no idea how many mortgages have been assumed in a Sub-to keeping the transaction unknown by the lender and speaking of mortgage, how many think it's the lender who makes the loan.

I hope there is a benefit (I know there is) but I often hold short on many points for fear that someone will misuse suggestions.

If it is found to be in satisfactory condition, or if it is damaged due to neglect or misuse of the resident, we might choose to withhold an upgrade.

Certainly anyone can misuse the funds or loans given to them weather its in a form of a business credit card, a check book line of credit, a personal loan or any other form of loans.

But like any tool, it can be misused.  

Trying to do that would probably create instant problems and liability.If you have them sign an agreement stating that the basement is not to, and will not be used for sleeping quarters, it is possible that you wouldn't be held liable for them misusing your property.

the way it works is they sign up with a major credit bureau of their choice and provide the credit bureau with my email so the credit bureau can forward me their credit report. that way i'm not personally liable at all for any possible allegations of misuse of their SS#. its the ONLY way i will accept a credit report for persons applying for my own rentals. how can someone not want to provide their SS# to the credit bureau?!

People who always have cash are usually the people who can't get bank accounts due to poor credit or misuse of previous accounts.