Quote:
Originally Posted by fleaz
if have min 10 mil cold cash? best is to do 'kai fark' of land deed
legal n almost 0% risk
borrower manage to pay back, u still earn interest
borrower cannot pay back, u eat land deed
borrow run away, u eat land deed
land deed amount confirm higher than loan amount
but have to be cold money cause it will be stuck in loan or deed
most rich people does this in thailand n acumulated land deed over few generation
my friend just gave a 7mil loan for a land in samui direct deduct 6 month interest. bank evaluation of the land is about 20mil. now it seems like the borrower is unable to pay back. now going to eat land but owner want to nego to take back deed to split deed n sell to pay back
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i like this method. but i think need a good lawyer to enforce the agreement.