But as Bill Gulley stated (as well as David Krulac in his experiences) I've been there where a title binder would come back and I would run off chasing down judgment holders, lenders, debtors etc. trying to clear a title issue only to have my attorney say "well I'm pretty sure the title co. will omit this".

I'm in the process of building my primary residence so I am unable to incur new debt or pull funds from cash reserves since I have not closed yet.

Execute purchase agreement, pay off tax debt or mortgage debt and get deed.

Even if the debtor promises to remove subordinate liens and encumbrances prior to transfer of the property, he/she may not be able to do so, especially where there are numerous liens or judgments outstanding.

all the people i run across with equity in their homes i ask if they want to put that equity to work and be a debt or equity partner on deals in the Nashville area.

I'm not sure if that law has changed in the last couple years but the last project I helped on the developer fee was a qualified cost so that was essentially how the investors bridged the gap in financing was by using their developer fee as their equity into the deal and the banks fronted the rest of the money from debt or sale of the credits.

It's a service offered to people that have won Judgements in Court but have not been able to collect from the Debtor.

What advice for a newbie to pay off the debt or continue with the payments and go for the flip.

The amount that you trade up by can be out of pocket cash or new/more debt or a combination of both.

Hello BP! I need some advice!

I recently sold my primary home to start my investing career. Before I do I was hoping to get some feedback on what to do first.

Do I pay off my bad debt first and recoup my capital by ...