As soon as the guaranteed period ends, or maybe even sooner, the payments dry up.

That includes taxes, insurance, vacancies, advertising, utilities paid by the owner, management, maintenance, entity maintenance, legal fees, evictions, damage done by the tenants in excess of the security deposit, capital expenses, lawsuits, etc, etc, etc.

Also, many title companies and states are moving towards not allowing a "dry" close.

While this is considered by most to be a good return it is very easy to earn in excess of 100% annually.Read the article and if you have any questions look my number up on my profile and give me a call.BriceInvestor/Agent

If loans completely dry up, the real estate market will grind to a halt, and prices will plummet to levels that will make todays look great.

., were scheduled to reopen on Monday as Mutual of Omaha Bank branches, the Federal Deposit Insurance Corp. said.The FDIC said the takeover of the failed banks was the least costly resolution and all depositors -- including those with funds in excess of FDIC insurance limits -- will switch to Mutual of Omaha with "the full amount of their deposits."

A real estate agent can help you as much as you can help them with repeat business and providing the means to keep earning money despite the fact that the retail residential real estate market has almost completely dried up.

According to answers so far this seems to be falling in the "bad debt" category.We accept debt in our culture to the point of excess and most is really bad debt, but if you have a car loan, that's a depreciating asset.

If my own business dries up, I don't want to have massive amounts of debt to the point my back breaks.

Illinois may or may not have passed legislation on this.Subject tos can be done and depending on your market, they may actually get a little easier to do because conventional financing is drying up and owners are about to realize that they need to supply financing if they are going to get their houses sold.