Even a billing statement (accidentally) sent to a debtor can result in a fine to the lender.

Collections on all debt must follow the law and the Fair Debt Collection Practices (rule can be read HERE) will dictate further correspondence between the creditor and debtor.

But it may be the only way to get started, which was our case.Whether you do government agency debt or private debt, you can get non-recourse for these deals, but it is subject to "bad-boy" carveouts, which essentially mean that if you commit fraud, the loan becomes full recourse.  

In the case of a Self Directed IRA you do need to have a custodian.I agree with some of the previous posts that investing in either real estate debt or equity is the easiest way to invest your money.  

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.

Leverage is great, and most people my age don't understand the art of good debt, or the fact that there is "good" debt.

So you end up with a new investment property free and clear of debt or you end up with tax free cash in your pocket and all remaining tax deferred into the new property.  

The question seems to be, "do I go into debt or downsize"?.

If we pick up this extra $24k, we can pay down variable debt or invest in other properties.However, this obviously is not good for cash flow.

But in reality most owners with debt dont make much more than 10% on their cash and as a PM in most markets your making 10% with no exposure to loan debt or tenant trash's the unit etc etc..