Why pay your loan when non-payment leads to a better deal on your mortgage?

Some argue that carrying non-performing loans on the books hinder the banks ability to lend by tying up liquidity.

http://www.huffingtonpost.com/2008/09/22/dirty-secret-of-the-bailo_n_128294.htmlDirty Secret Of The Bailout: Thirty-Two Words That None Dare UtterDecisions by the Secretary pursuant to the authority of this Act are non-reviewable and committed to agency discretion, and may not be reviewed by any court of law or any administrative agency.more at linkofgift

Once I get enough cash from that move into condo conversions and try to take my investment company public.

You usually have a NON refundable deposit that you put down on the property as the Option consideration.

Promote yourself, your real estate ideologies and thoughtsFor those members and non-members with "outside" blogs/websites, a BiggerPockets blog can be of a benefit for you as well!

It sounds like you also got cash out with your refi...that may make a difference because you 1)are a non-owner occupant 2) may not have spent the money on home improvements.

Illegitimi non carborundum If you do not know what that means click here. http://en.wikipedia.org/wiki/Illegitimi_non_carborundum Be sure to notice what a beauty of a day we have outside, Booms and bust aside, this is paradise.Always remember, booms follow busts, not vice versa In closing, the words of a wise man.

Specializing in REO's and default properties in Indianapolis and Atlanta.I also have access to notes both performing and non-performing and bulk REO's.If anyone is interested in learning more, I welcome hearing from you.Lynne

You will always personally guarantee the LLC loans (unless you have a non-recourse loan which is rare on residential) but the 4 prop max doesn't apply because it still won't report to your personal credit report.