Hello I’m Broke, I need your expertise:- Own a 2 family in NYC with about $800K in equity at 3.5% interest rate $2600 monthly mortgage- Owe about $85k in credit card debt st about 27% apr….all paid minimum but drowning $2500 monthly- Owe $100k partial claim lien at 0 interest- HELOC $30 k available at 5% owe 45kShould i consolidate and pay debt or refinance the $375k + 100k + 45k + 85K at a new interest of 7% or just tackle the 85k separately by consolidating with new interest rates of about 17% and use the HELOC of $30k to pay the high interest credit cards?

You have to determine if it is a business bad debt or a non-business bad debt. 

If your protection is "limited" as the tile implies with LLC, and CA is horrible state for litigation and taxes, and judges give very little respect to elaborate asset protection schemes to protect debtors (you), so what option do you have? 

If your protection is “limited” as the tile implies with LLC, and CA is horrible state for litigation and taxes, and judges give very little respect to elaborate asset protection schemes to protect debtors (you), what option do you have?

Although, from what I've read, it appears the debt holder has a responsibility to mail a form 1099-C to the debtor -- it seems that simply informing the debtor at lease signing of your intent to use "forgiven debt" isn't enough to be completely above board.Still, this looks useful.ThanksHave you run this by an accountant? 

Debtor must clearly phrase their request to obtain: the source of a debt and the amount a bad debt buyer paid for plaintiff’s debt; how amount sought was calculated; where in issue a list of reports to credit bureaus; and documents conferring authority on third party to collect debt.Documentation of the creation of the debt with your collection agency.Under FDCPA Section 809 (b), you are not allowed to pursue collection activity until the debt is validated.

You can form a syndication with multiple investors (debt or equity)#2 and #3 are regulated by State and Federal securities laws.

Seller financing typically works best when the owner has no debt or small enough debt that you can pay it off with your "down payment".If they do have a large mortgage remaining, you may want to consider subject-too instead.

Without getting into syndication, how do we find more debt or equity investors for our larger projects? 

Doing a cash out refinance is sometimes smart because you can use that money to pay off higher interest-rate debt or acquire new properties.  A rate term refinance csn be a good idea for anyone that has a rate in the mid threes or above right now.