Commercial loans can and still do have balloons.Dodd-Frank was targeted at screwing up, er, uh, I mean, fixing consumer owner occupied lending.It has nothing to do with commercial.

Consumer debt is the type of debt you need to avoid.

We opted to instead close the furnace off to the other units let it heat one ( it was not large enough to heat all the units) and install small wall natural gas heaters which were about 1200 a piece.

After that, you can do continuing ed classes online in order to maintain it.If you haven't already, check the state Dept of Consumer Protection's website for info.

@Rhonda Chesley other than the aspects of the safe act.I think these transactions are fairly complicated time consuming and have a lot of issues that could pop up when your trying to work you way through a NP note sale especially if the orig owner is still there.

I am also looking to create a passive income stream through real estate investing and have already paid off all my consumer debt as the first step toward financial freedom.

Seehttp://www.getresponse.com/features/landing-page-creator.htmlSellers opt in and you send them a free report on how to sell fast, not necessarily thru you, just make a friend, and offer advice on selling fast Cash or Terms.Here is a free report I use for Lease Purchase Alternative.https://www.dropbox.com/s/q5u7fk7b8hv4x6e/SpecialReport-HomeSeller-LP.docI would apprentice with someone who has done alot of deals, there are senior folks here at BP.You also need to deliver your solution and your exit strategy QUICKLY, and get a testimonial from your satisfied seller.

Even though you're in a trust deed state, the lender can opt to judicially foreclose on the note instead of going the trustee's sale route, hence the court case (and judgment and sheriff's sale).

A couple of examples where the inspection came back with significant issues, I was able to opt out of the deal (or renego for a better price).A good RE Agent will look out for you in this regard.

Definitely not an expert, but I feel corporations are leaner and more efficient than they have been in years, banks have higher reserves, the average consumer has gotten smarter about debt (at least most of them I know, not sure of real statistics), the guys in charge of the money supply are actually quite intelligent (at least much smarter than me), public employment is dropping while private employment is rising, and while we are spending too much as a nation, more of us seem aware of that and willing to do something about it, especially the younger people I speak to.