Our Social Security trust fund is predicted to be depleted in 2041.The recurrent argument suggests that without a gold standard (or a commodity backed currency), our government will simply print fiat money in lieu of balancing its budget, which mirrors what happened in other countries (such as Germany), who abandoned the gold standard, just before periods of hyperinflation.I realize that forecasting the future is a fool’s errand, but I would like to know people’s opinion about our current monetary policy.

The payments are computed as if its a 30 year loan, but the entire remaining balance is due in five years.I too would congratulate you on thinking like this at such an early age.

Wait until Ethanol costs you in the end.Worse fuel economy.Higher prices a products across the board.Damage to your engine/catalytic converter.Damage to you small engines.Ethanol also has a negative energy balance.

They are asking $49K, will consider 10% dwn, balance at 7%.

When the house is bought by the tenant/buyer the owner's loan balance is paid off and if they had any equity and they were willing to leave some on the table, your back end profit would derived from that.

You can make a §754 election to adjust your capital account balance up to the value that you paid for it and then book an asset for the §754 adjustment and depreciate that adjustment in the partnership but allocate all of that depreciation to you as the partner.You can always use me as your tax accountant as I will be available soon.Joe

Everyone here has different tolerance.Personally, my most recent investment is in Jersey City Heights, which has the right balance for my taste, which is long term B&H value in a gentrifying area.

Just black out the account number so they see your name, the balance, and the company.

If the owner thinks the balance is around $180k, it is likely more.

At $140k with $10k down, the balance is $130k at 5% interest for just over 40 years.