That way I'm able to enjoy my living style, obtain interest deduction, and still feel safe in the knowledge that I have a free and clear home to move into if I ever need to.JSCOTT-I'm sure there are many people doing this currently, if they are smart.

Shortt term private or hard money lending?

hi arthur,I have before pictures, but the pee stains are very hard to detect. i do not have to replace the carpet and they ran the wet style vacuum on the carpet on numerous occasions. the discolorations though are still there. i charged them to repair a dark spot (left a bag of potatoes for a long time), but not for the pee stains.just wanted to see what everyone else does when tenants move out and the carpet has stains.

Banks aren’t lending and everyone is looking for private money loans to fund their investments and businesses.

Well, lots of people really do have lots of cash, so it may well have been a cash purchase.Could have been a private loan or a hard money lender.Could have been some sort of rehab financing such as the FHA 203k loan.

How do you find private lenders?

I called a client of mine and that same day I had them put it under contract, lined up the private loan and had it fund the same day and I collected my commission the same day as well.

I know I am blessed and I should be thankful for what I have....I am, but, I will NEVER be excited about the gov. using my above said money to be involved in private enterprise.

Surely, you won't let me be the only styling on you at the BP summit would you?

The corporate tenants keep up the building and pay taxes on it as well plus you get the depreciation.If 32,000 is all you have you might could look at hard money or private money lending or buying notes at a discount etc. for more passive investing.