I am not saying not to buy whole life , I am saying in the early years, at least for the first 10 to 20 years you will not accrue any significant loan value in the policy. for instance: if you put in 200 per month for 10 years after the first year you would have no cash value and very little after the second year.

That means I am going to spend, on average, over time, $375 per month.To the extent that my cash expenses are less than $375 per month (again, excluding debt service), it would be prudent of me to earmark the balance to some replacement reserve account, assuming that I don't just happen to have a ton of money in the bank to cover the unforeseen.If I were using accrual accounting for my properties, I'd accrue the different between $375 and each month's net expenses and set those funds aside for replacement reserves.I don't mean to speak for him, but I think when J.

Some bond issues are only obligated to pay the interest accrued to that date, if you turn it in a month later, but prior to maturity, there is no additional interest accrued as there is with a note.

Jake, just out of curiosity, I see you're an agent, are you looking for a property manager for one of your clients?

Well, as to the value to be offered, after reviewing all the information submitted and inspecting the note as well as the security agreements, the loan file, origination documents and working papers together with settlement documents and the original contract and in taking into consideration the outstanding liens, accrued taxes and costs expected in collection of the debt, and in consideration of the collateral, I would present an offer in the amount of:$352,687.29ARE YOU KIDDING ME?

Hi Jon,initially I was peeved about that - where's all that great tax benefits that are supposed to accrue ?

However, the Coachella Valley is an area I had some curiosity about.

And the original note amount may be quite different from the actual accrued debt - it is the debt amount that the noteholder is entitled to receive.

As Bill said, I think any "razzing" you might get is just jealousy and piqued curiosity.

The difference with them getting a judgement is it will junk up your credit and the judgment will keep accruing fees and growing in balance.Yes you can negotiate the promissory note down.