Crazytrader: You came up with a good plan for Son of Lazarus, except your example is flawed.
1. You were young and financially undisciplined. Maybe his son is not.
2. You most likely bragged to your relatives how big a real estate genius you were and flush with cash, they took note.
3. You loaned money, unsecured to relatives, big no no.
If I have the cash, I pay for real estate without borrowing. However, I can and do restrain my spending within my means. I only loan money if it makes economic sense and I have my OUT strategy.
Of course I am not 19 anymore, although I was more conservative at 19 then now.
Signatures are so yesterday!
