YOu tell him Sam... those of us that are so blessed by real estate and are on BP  we want to show that we give back in a meaningful way.on this deal did you use a broker for your senior first position debt or did you use a local community bank or regional bank ?

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

Should I aggressively pay down the debt or let the tenants pay the debts off slowly over time?  

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

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.

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.

This difference in cash flow is artificial as you have higher debt or you've put more of your money into the deal to make the cash flow higher.Also if you are talking years to pay back $3300, it means you don't have a lot of money in reserves-what if something happens to either your house or the rental-do you have to borrow money to fix it? 

Roll them into the payment instead of coming out of pocket on an investment property at least until the point when you have no more consumer debt or primary residence debt.  

If a smaller outfit, I would say they would need a strong track record for successful investments in multi-family and have great operating partners in management.The borrower could raise funds in the form of debt or equity.

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".