So that will help save you from debtors jail also.

Would I be hindering my potential for owning a dream home by having so much debt?

This is a unique situation where we want to offer Person 2 30% of non-voting stocks, but the end game is Person 2 gets to have 50% of net profit for providing financial backup up to 500k in the form of supplier debt or cash on projects that we present Person 2.

I just bought a brick rancher, 3/2 1800sf for $500, monthly payment $700, worth $179k,  I still owe $70k on loan and I did NOT personally sign for debt OR put it in my name.  

What's the best way to protect your personal residence from having liens placed against it, and possibly seized, to repay your debtors?

Hello everyone!I've been listening to bigger pockets for almost two years now and should have enrolled a long time ago but I've been scared I don't even know why.I've been on a reading overdose for the past two years ...

@Yenlan Patton   Texas is a pretty debtor friendly state.

Considering they all have the same term of 12-18 months, and a projected net profit of 1.5x equity multiple, (a $1MM project, with a $1.5MM ARV) which would you rather:-Debt securities, secured by the property, monthly returns, typically at a higher rate, no accrued returns or profit sharing; or,-Preferred equity, higher risk, quarterly returns at a lower current rate, with a set accrued return which brings your total returns higher than would be with debt; or,-Common equity, highest risk, quarterly returns similar to preferred equity, profit sharing upon sale or refinancing the property based on your % equity ownership.Also, any additional information you're willing to share would be great such as the type of deals you've invested in and the performance/results of those investments, especially if they influenced your decision.

If there is a bankruptcy, you need to be very diligent about understanding the impact that could have on a transfer of the property by the owner and what role, if any, the bankruptcy trustee will play in your proposed settling of certain debts of the debtor.

After you get the tenant buyer to be checked out by the RMLO, and you have a letter that says that if they pay down debt or increase their income or improve their FICO score over two years or whatever, they should be able to get a 3% FHA mortgage, you then have the tenant buyer deposit$$$$ into the title company or attorney’s office.8. 3% assignment fee to you9. first and last months rent to seller10.