For example if the loan is $100,000 you may pay 3%, so your balance outstanding starts at $103,000.

Cedar park is damn near impossible to break into with Tesla being here.

CANT FIND THE DAMN MONEY!!

Free yourself, like a gazelle from the hand of the hunter, like a bird from the snare of the fowler.Proverbs 11:15: Whoever puts up security for a stranger will surely suffer harm, but he who hates striking hands in pledge is secure.Proverbs 17:18: One who lacks sense gives a pledge and puts up security in the presence of his neighbor.Proverbs 22:26: Be not one of those who give pledges, who put up security for debts.These say 1) don't risk too much with loans requiring collateral and 2) don't get a loan with a sketchy dude because you're going to get caught holding the bag.Romans 13:8, too:  Owe no one anything, except to love each other, for the one who loves another has fulfilled the law.This warns against debt that incurs an outstanding obligation.

You either succeed or you learn, but damn I can't take my own advice. 

The owner did an outstanding job.Btw -  This is an example of the tremendous VALUE we deliver and is our trademark.Love to chat about all projects you may be considering.Cheers,Jeffrey Baxter

Note sweat equity such as a BRRRR can provide outstanding returns (We have historically achieve infinite return on our BRRRRs), but they are not passive. 

We have no student debt or outstanding loans except the rentals and our personal house.

This actually typically means they are lower than mortgage rates in the immediate term, plus are interest only, so your monthly payment will be dramatically lower on the outstanding balance.  

You can have up to 10 properties with loans outstanding with Freddie or Fannie.