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.

Do you hate being in debt or are you ok with it?

The lender holding the first either wants to hold the mezz. debt or retain the rights to approve the secondary mezz. debt provider.Now mezz. debt is a lot more expensive than a seller second for interest rate and points.

Sometimes properties are listed for sale but later removed as the debtor files a plan to keep the assets.

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.  

@Casey Murray debt or mortgage assumption does not affect profit. 

Is that going to be shared debt or just yours. 

She would need to show at least 12 months of payment history to exclude the mortgage debt. Or