You could have forbearance issues and if there is no agreement, you should modify it prior to purchase, you might also have the borrower acknowledge the UPB to ensure everyone is in agreement as the issue comes from the borrower not paying as agreed.The fact that some tenant is whatever is irrelevant, if the borrower is "illegal", consider it a defaulted note at any time.I just addressed the math as that was the question I thought, there are many issues in the evaluation of a note, collateral value, compliance, payment applications and history, the nature of the transaction and the parties involved are all concerns. :)

I'm LEED GA certified & would like to potentially incorporate some of the LEED strategies in my rehabs if it makes financial sense in my market.Looking forward to learning more and networking with others in my area.Thanks, Mike

RE consultants popped up in the 70s, not only did they get hammered under RE agency laws (even when the word consulting was not contained in the license laws) it is recognized that advising in RE is the function and nature of a licensee.

Decided I'm going to pursue a license as I'm by nature a data guy and want MLS access.

Often times, if you have a non-recourse loan with "bad boy" carve outs, impairing the single purpose nature of the SPE can trigger the carve outs and convert the loan into a full recourse loan.

Spent 25+ years in corporate America -> laid off -> obtained broker's license in December.

Real estate is local in nature and you have to be pretty good at what you do to be successful buying properties around the country.

I saw a notice that was put out to the area about 5 years ago explaining the risks of natural gas, since the city is involved significantly with obtaining reserves of it in the area.

I mean, naturally it is nice to meet people and get a feel for whether you trust them, trust the tenant, etc.

We've been able to infuse money into our local economy and provide work for others.Being good at this business naturally leads to a good return on investment and will provide an income stream as part of our retirement plan.