If they do default then he gets back a distressed asset.

Never put an investment property in your own names, people can sue your personal assets.

I hope I can be an asset to this website and get ideas to polish what we currently do as we'll as try things we have not yet

Aloha BP world,Does anyone recommend any desktop/voice recording software?

Change in marital status probably means that most of her assets are not seizable, unless she's got assets in her name only, since her husband is not on the judgment.2.

I used MAS 90 accounting software in the mortgage business, it's updated now, but you probably don't want to buy that to figure an occasional loan payment. 

Is it a rooming house, tell us about this asset.

We're not trying to "get rich quick" Just be responsible with our assets and abilities.

At some level are you just trading one income vehicle for another with the added bonus that you get the asset back (albeit there is a risk if the property gets trashed due to bad management) if the lender flakes out (and of course the hassle of calling the note).Hopefully some of the experienced private money lenders will jump in on this one, as it is a fantastic question.

You may need to 'interview' a few brokers (maybe quite a few) before you get to where you want to be.Other (necessary, IMO) 'assets' are J Scott's book The Book on Flipping Houses: How to Buy, Rehab, and Resell Residential Properties and a statement of work that your contractor can help with.Good luck.