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Reply to "James Van der beek died! 48 yo :("
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]So the latest is that his friends paid for a down payment on the ranch. So how does one secure a mortgage on a 5 million dollar ranch with no income or assets?!? Did they commit mortgage fraud?[/quote] They may still own the place in CA, with the rental income being used to cover mortgage payments. But they’re now “house poor” because they also need to feed the kids.[/quote] This is crazy! They don’t need to live in a 5 million dollar ranch. Sell the ranch to get back the down payment and move somewhere where you can live on $12,000/month (rental money from the other property). The greed is crazy! This GFM is in such poor taste. [/quote]
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