So, to summarize, we're having some rent collection issues but are hopeful that we will eventually get it all.

To summarize your post, the math for a first lien HELOC makes sense as long as you're disciplined and committed to the strategy.

His tone on the phone changed & he told me I was not qualified to say that & then he ended the call.The below summarizes the program & money they asked for, there were 3 levels of entry:30k gets you (12 private one on one calls with Peter Harris, 4 weekly calls supposedly as long as you are in the program) & there is also 20k & 10k entry points, each with less calls as described above.You split the profits with him 50/50 until you reach 1mil profit then supposedly they will pay you back the money you invested into the program. 

Great video, love the way it’s summarized.

First read all of the posts above and summarize what your take aways were.  

To summarize from his comment, there is often significant judgment required on many issues and it will involve different professionals such as attorneys and accountants, and perhaps many others, so you'll often need to work as a team. 

Let me first provide you with an accurate and honest one-liner to summarize what to expect if you decide to work with WealthAbility followed by a detailed account of my own personal experience with the company.

My friend Keith summarized it this way:Appreciation.

Even if it is used to purchase the property via an entity, the loan is effectively connected to the property and directly deductible against the income.To summarize what I'm saying is it doesn't have to be taken as a deduction on the 4952.

Everything they leaned through trial and error and expensive mistakes  summarized on 200 pages!