Hi everyone!have strong desire to venture in real estate and have read books about real estate and the book I'm currently reading directed me to get more insights from here!I'm from Africa Zambia,does it really take o...

I perhaps naively went ahead with the registration and inspection after completing purchase of the home, and wound up with a hefty repairs bill of around 3k.

So if the LP's have enough cash they simply pay the loan off and own it free and clear.. but the size of the deals are so large raising cash to pay off debt simply is not realistic at all so if the property goes into default your junior position investors find themselves wiped out.Further more thats why a debt fund like Chris has can be a good choice for the very conservative investor..

It's simply overwhelmingly nuts. 

We never hired a manager because it simply would have taken too much out of our profits.

I would like to subdivide the land into smaller 5 acre tracts, sell them, then complete a 1031 exchange.

I have a couple JV deals that are complete trash and also they are now asking me for money.

You're not in the position to be a cash buyer...as a former wealth manager, it's simply not a good play for you for many of the reasons stated above and more.  

Quote from @Bryan Christopher: Quote from @Russell Brazil: I'd simply ignore them. 

Penalties of these Federal charges may include:30 years in prisonUp to $1 million in finesIt's a Federal crime.I'm not currently at foreclosure, but am recently out of state starting grad school, no income, and home needs repairs that I simply do not have the money to make.