Incurring debt is for certain not good.If you want to get started in a real estate career, you need to have rifle barrel focus.

It will likely involve combining the ten lots into one lot.

I'm curious about whether anyone has had any experience with simply selling the debt after getting a judgement.

I have networked and learned more here in one week than all the other sites combines, by that I mean twitter, FB, linked in, and google +.

This is a sample with a 4.5% rate 30 year fixed payment qualification includes tax and insurance and $500 in borrower monthly debt (car, credit cards...)

So (3) parcels for what was it $93,000.00 + any other debts that may have carried over with it.

He's very conservative (with debt) and know his stuff and is no BS.For property management check out a book called "Landlording on autopilot" by Mike Butler.

Even if you put those in at 20% combined, you are negative cash flow $200 per month ($1000 payment, $800 income).Is the house you would be moving into (front house) significantly better than the house where you're living now?

I don't do much with it at all but I'm thinking I want to use it to make a little extra cash to get myself out of some dumb debt.

The sale of one property and the paydown/payoff of debt on another property is not considered a sale and purchase of real estate since you already own the target property and are merely paying down the debt.