They will reamortize your remaining payments over time lowering your required monthly payment.

I thought you had to research things like this because, absent the mortgages on the property, all other liens remain and are binding.

., contracts that remain essentially unfinished for a period of longer than 180 days.

No matter how much our currency devalues during that time the debt service and payment remains the same.

But all the good things about OPM seem to work in reverse with a declining market.For someone who now has 75% of their net worth invested in real estate, how much leverage is acceptable while remaining very conservative?

If you borrow a lot of private money for several rentals, having them all be non recourse might benefit the lenders in the event that one of the deals goes south...if walking away from the bad one allows you to survive and continue servicing the remaining loans.

The remaining indians should be limited partners or members.Lots for you to study in this "art form": So much, that I teach a 3 day Private Lending & Syndication Summit once per year, and we still can't cover it all, but at least this forum is good for a few tips.Keep us posted.

Houma is a rapidly growing city, and is in Terrebonne/Lafourche Parish (county) which have remained some of the best economically stable parishes in Louisiana.

I would spend the money to have an engineer do a complete inspection and have them include the expected remaining life of all the major systems, roof, HVAC, etc. in their report.Another area to look closely at is the commercial leases.

I am following the formula below and am kind of stuck on #2.1.Find distressed properties2.Research and identify those with real potential vs no real potential at this time.3.Mail property owners with specific lettersEssentially, I am not exactly sure what I need to be researching in order to qualify these properties to remain on my Driving for Dollars mailing list and actually receive a letter.