After a chat with a friend of mine about how I am not satisfied with where my Real Estate knowledge currently is, I did some thinking and came up with a crazy (I feel) idea. I have nearly 40k in government student loa...

Would you buy a $100k property outright (100% equity, no debt), or would purchase multiple properties through financing (20% equity 80% debt)?

If you are looking for a money partner (either debt or equity) then you'll need to be able to answer these questions along with many others.  

Basically, the bankruptcy automatically stays or halts all debt collection activity against the debtor once filed.

Additionally, if the debtor changes jobs, you'll have to go through the garnishment process again.

Learn how debt works, learn how the math works, then you can see if you can outperform the debt or you should pay it off.

If you work with them, they might let you step into the debtor's shoes at the reduced balance.They get a better debtor (hey, that rhymes!)

From speaking with another (actual) investor, I learned that this group operated heavily in the Stockton and Sacramento area.Bottom line: if you come across someone who tells you that you have to pay to learn from them, I would suggest to continue looking - it is possible that you may learn something from the "education," but, in higher likelihood, you'd only end up deeper in debt, or worse, in a bad RE deal that they could not find anyone else to sell to.There are plenty of honest people still around, many are successful and some of those have blogs and podcasts that you can learn from for free (although, they still seem to have something to sell you, but it is a fair trade off.)

Once the debtor reaffirms the debt, is it a given that the debtor will begin making the regular monthly payment as well as the payment towards arrearages during the term of the plan?

But before I play "repo man" i'd do the following: Know my State's Repo Laws....If needed consult with a lawyer.Make sure the Debtor Is in Default ....Have all the paperwork in order.Locate and Verify the Car.Choose the Method to Repossess ....Contract with a tow company rather than taking the risk of rolling up in a U-haul pickup and snatching someone's ride!!!