Which in itself is not a bad thing, as that is an extremely important aspect of investingAs to what you can do in Chicago, well you can find mentors, more information on wholesaling, etc when you attend Local Clubs.

You may also use seller financing which could be an owner carried second note or the entire note (which would avoid the banks).

What aspect of commercial real estate are you interested in Troy?

I have one spot on my house that needs about 8' before its far away enough to avoid leaking in during a heavy rain.

Avoid this shortcut like the Plague.

The 50% rule is not an excuse to avoid doing your homework.

Oh yes and I have no problem naming names if anyone from Southeast Ga to Jacksonville need to know who to avoid just ask.

The only way to avoid a credit impact is to pay the loan off according to the original terms.I would think they would only contact your employer for employment verification, same as on a mortgage.

Most of the mortgage issues could have been avoided if lenders simply required borrowers to put down 20% and required income and asset verification.

I was trying to get my boss to really press them to get the money out asap, regardless of penalties, but they wanted to wait on the "death put" (in case of death a cd can be paid out without penalty) to avoid losing out on any money.