I have a family member who has found themselves deep in financial trouble and they are wanting to sell their home to me at a massively discounted rate to pay off their debtors.

First off, I'm new and have been educating myself for the past two months.  The Rich Dad book my cousin recommended, completely changed me.  I've been listening to BP podcasts, webinars, networking with local investor...

Would that mean the debtor would owe the $5,000 in order to bring the unpaid balance to $40,000 ?

Understanding how these decisions affect you can go a long way towards making a decision.For me, I believe that education is the best investment you can make in yourself and so would either pay down past student debt or pre-pay new education debt based on the interest rates of the two.

@Daniel Smith  well  you have plenty of time and if you have a good relationship with the debtor like it sounds like you do first step is1. 

You can also pay the debt like a responsible person, and that will erase the debt.  Or

Although I am definitely going to purchase physical real estate, I am also curious about the pros and cons of buying real estate debt or notes.  

I know this is a lot slower pace to great wealth but at least for the time being I do not want much debt or properties to deal with.  

I don't have any cc debt or other loans just the 2 properties.

Hi fellow investors,I am trying to decide between paying down debt on my existing rental property or acquiring new rental property with the cash I have. Conventional wisdom says it is better to use leverage and acquir...