The principal balance was $452,00.00 ( original balance $480,000.00), fully amortized over 20 years, secured by retail center, 6% interest rate.  

@David Toupin & @Robb Smedema,Not to long ago, I had the idea that I would get money in residential so that I could then start my focus on commercial... someone asked me if you want to do commercial why are you screwing around trying to wholesale, that isn't what you really want so the motivation isn't going to be there and you are just wasting your time.Fast foward 6 months and now I work for one of the biggest banks in the world in their multifamily lending unit, learning from the people who do this day in day out, meeting the biggest players in the game.I have read a lot of posts authored by @Joel Owens and I have to admit the dude knows his sh*t (excuse my french bp)my advice, figure out specifically what you want to do in commercial do you want to own just multi family, do you want to own big box retail spaces, do you want to own shopping centers, do you want to own office centers or buildings???

Hello DuncanWelcome to the learning center.

I am centered in the Somerset County NJ area.

look for local meetings i beleive there is one next week by city center held by jet lendingbest of luck Nick 

I am looking to transition away from housing and into office space or strip centers. 

Below is a screengrab from Trulia's crimemap and you can see Wrightwood and Kostner is near the center of the violent activity.

For anyone thats curious about the FTC sanctions in real estate after reading @Bill Gulley 's post:https://www.ftc.gov/tips-advice/business-center/le...A good chunk of them are for foreclosure relief scams,  but it does show the FTC is somewhat actively investigating in the space.The complaints are fun to read since they go into great detail about the crimes the perpetrator committed and the evidence against them.  

Hi I'm Rudy,Currently I work in a call center as a sales consultant for a big telecom company and I am interested in learning more about real estate as a second/full way source of income.

The place is within walking of the beach, outlets, convention center, etc.