You best bet will always be to track down motivated sellers directly.

In my area, 12-14% is the norm.Try to secure an interest-deferred period of time (like 3-6 months) especially if you are just going to turn around and refinance.

That is amazing - and I bet many people on BP would qualify.I also learned mind blowing stuff like: did you know you can 1031 exchange OUT of something you own INTO something you already own?

Your best bet is to give him notice and hope he just leaves without causing a problem for you.

I assume it means that I either need to refinance or pay it off before that five year mark.

The amount of interest you pay will not change unless you refinance the loan or pay it off early.There are amortization calculators out there and also tools in Excel that will show you how much you're paying down based on the time frame.

Those tend to be the best bet on non-normaly loans.

I would bet if you drove to those buildings during the day by yourself, you would not get out of the car.Great cash flow is super easy to find in those areas.

I think I was screwed along with some of my clients.The purpose of the loan was OO refinance cash out.

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