If there have been no late fees or other charges, then UPB will equal the payoff amount. 

Obviously, we will need to file a 1065 and produce K-1s.

Many thanks in advance,Victor Talking with my friends contractors in the area... some of this contractor offered very low price for their projects betting to build many units and market changed and they simply started to file bankruptcy... when comparing cost it's common you will find higher costs ... been in this market last few years, houses will start to move again in the next months in a normal cycle (not pandemic cycle) , if you're goal is getting long term rental in place for delay gratification...

But a lender will only go so far on the risk spectrum in exchange for a 4% to 6% return.  

It would have been 10k more and at the time I did not see the point, in hindsight I should have.Today I think of my portfolio more of a collection and when I look at a property my main question is if this is something I will be happy that I bought it ten years from now?

As we will likely hear more about interest rates in the coming days I wanted to share some recent real world experiences in the Commercial Lending Space. 

What do you guys think about the DOJ attempting to dictate the way realtors get paid?

I'm looking to break into the real estate market in an attempt to achieve financial freedom, like everyone else.

It looks like to get started, I will need to do my first deal out of state, perhaps in the Midwest or the South.

Is the lawyer just being extra, extra careful...or are there typical scenarios where having it registered in NV will help for a property located in CA?