I see so many different methodologies that it's difficult to identify which makes the most financial and situational sense.

I found Groundfloor financial after calling around and they seemed to be much more "asset based" than lending home.

The buyer is a partner in another successful business, and does have income, but is refusing to use his other income to pay the debt.Current debt is about $180,000 with interest as calculated if the note was performing; however, there are provisions in the note that it goes to maximum legal interest if it's in default, so with that plus late fees, it comes to more like $220,000.I've had my attorney review the note. 

I'm one of them and I'm just across the bridge.Consider yourself invited to the Boston South REIA, meeting the 2nd Tuesday of the month at 7:00 PM at Radius Financial, 600 Longwater Dr, Suite 107, Norwell MA.

@Matthew Cochran Welcome to BP and congrats on taking the first steps towards financial freedom!

To bring God glory,with financial freedom in where he may lead us.OBTAIN knowledge - Books we have read:  Rich Dad Poor Dad , by Robert Kiyosaki ;  The Millionaire Real Estate Investor, by Gary Keller; ALL OF Brandon Turners books (thanks Brandon ), The book on flipping houses,by J.

Ask for financials on the properties for the last two years and start poking holes in the numbers.I don't know a damn thing about commercial real estate, but like everything else, getting to a point where the data you are looking at is close to reality is the first step.Good Luck!

I do think that rental properties are the best way to weather any kind of financial downturn.

Stop gratification spending put that money to debt.

Complexity being that my mom is retired and doesn't want ANY income for whatever financial planning reasons and she doesn't want to do the work, but she's liking the idea of keeping the wealth in the family and we've had a very good financial relationship for my entire adult life.