Friends & Family: April 2005 Archives

I've been going crazy the last couple of months trying to close on a new (to me) house in Lighthouse Point, FL. First, nobody wants to give me a loan. Then, once I have a loan, the leander makes it contingent on tax returns. And wouldn't you know it, the returns show that I make very little “personal” income. So, I must be a drug dealer if I can afford the house. But that would mean the risk of the government seizing the house in a raid, right? And therefore the lender has concerns. Ugh! As my uncle-in-law's song goes, “I've got money to spend, but none to lend.” How does anyone who owns a business ever buy a house? As a business owner, you shouldn't make any “personal” income. It should all be in the corporation. But the corporation can only buy a house for cash, wherein a person can finance. Its a twisted circle. We'll see by Friday. If I have a tropical drink in my hand, then I closed and the house is mine. If not, then it'll be a bazooka I'm carrying.