A NON cash flowing asset.

., "pre-sell" your house), then after 30 years, you have a nice asset.

Here they have a very stable asset that they can use for their retirement.

., that will be your best asset to show that even though you are young you know the business and all that it entails.

Since inception Colony has invested $48 billion in over 19,000 assets/loans and has ~$25 billion of assets under management (gross) on behalf of over 250 institutional investors.Through the identification of supply-demand source imbalances in capital, product types and information availability, Colony achieves attractive risk-adjusted returns by investing in real estate and real estate-related debt investments, non-performing loans, distressed assets, real estate-dependent operating companies, and select commercial and residential development opportunities throughout the world.

They are paying all cash for these assets.2.

If he files bankruptcy you could lose everything as the property becomes his asset and you become one more creditor.

I just think the notion that you will most likely owe 50K for something that is worthless or near worthless is not accurate.If you are going to accept a job that you don't need a college degree after you get a college degree, than no, you should not have gone to school.I suppose "employee" is a 4 letter word around here to a lot of folks, but I would need millions of dollars of assets to return what I make at my day job as an employee.

Steve:In my own experience as a real estate assessor (one was as the City Assessor for Midland, MI) I know that the IRS generally accepts the percentage contribution that land makes of the total assessed value as a basis for land as a non-depreciating asset.

I also worked for an asset management company where myself and the crew would go through foreclosures and repair them and get them up to HUD approval.