(was very professional) and even offered some references on my part.However, since I sent the email I have not had a response or call regarding his "so called" off-market properties.Thanks again!

Hey Mike,Make sure you do your homework if they do "gift" you the amount.Unfortunately there are limits on how much a parent/s may gift their children without triggering gift tax by the IRS.The IRS is the last entity on earth that you want to have future issues with.I would seek advice from a tax professional BEFORE making a final decision.All the best!

If you can find the right place for commercial you can rent out part of the space to another business and end up housing your business for free.The best advise I ever got was to figure out who you want as tenants and only buy property they will rent.Commercial tenants tend to be much more professional with lots less drama but you can also end up with long vacancies which are costly.

If they aren't professional tenants usually two things will happen.1.

Please work with an experienced and knowledgeable professional in this space to get it right.

It depends on the salesperson's professionalism and experience.

Been studying the real estate in the area for the last 6 months and now looking at creating a new network of professionals and friendships.

Besides the info here won't cost you one red cent and there are experienced professionals in various aspects of real estate investing from residential to commercial, licensed pros, wholesalers, rehabbers, landlords the works.

I operate my businesses in a professional way, documenting, and setting standards and rules.Some of you may have missed that I have only heard of this happening twice.

This savings could translate into a higher return on your time since if you paid back your 49,200 and only have 20k left @12% interest lets say your month cost to hold the property is not substantially less in the absence of obscene closing costs or points.Option B:This may be an investors dream cash back 45k in your hands and a property with no skin in the game "infinite return," assuming you still cash flow with 120k of leverage on the property.A tenant would be paying your mortgage, taxes, insurance, and etc while you've retained the property, received 45k non taxable proceeds from the refinance since the asset has not been sold, and potentially making some income each month if the numbers work.120k @30 year fixed 5.625% is only about 690.79 per month and taxes and insurance I'd wager (depending on state) is probably 130 more.