I ONLY carry performing debt, debt that pays me to hold it.

BUT, please be aware of the followingMissing interest payments on a promissory note is not necessarily the result of a fraud, most often it is simply the results of a poorly performing business.  

When you are purchasing a multifamily property, the seller will be advertising the property performs at a certain cap rate.

Hi guysI don't know much (to put it more accurately anything) about buying real estate.

No idea if it is accurate or if anything has changed since then, but it indicated the following:PROGRAM 1 Owner use up to 2 weeks 50% of Adjusted Gross Standard FF&E in high season & 2 weeks Revenues from the Unit and accessory in low season package required.

In the next 5 years, we can buy one property per year with 25% down (~100K), and perform the same operation of using cash-flow for paying off properties next 15 years and we will have $15K/month net-profit which hits our goal adjusted for inflation (assumed at 3%).

Background checkCredit checkPast performance.

Try to get a cashout refinance to see what the bank thinks it’s worth and how the business would perform with debt.

@Dennis Boettjer be careful about basing your decision solely on past deal performance.

After nearly 3 years of operating history, I'm concerned that the properties are not performing well enough to warrant continuation of the venture, and I'm considering selling.