This debt type would throw economic projections for economists and increase the risk of lending for lenders.Phantom Debt is created when a consumer chooses the Buy Now Pay Later (payment plan) option when making online purchases.These types of payments are not currently reported to any credit agencies as debt which is why they have been given the term "phantom."

WHY in the world would you buy this? 

They are encouraging people to take money from their retirement accounts and using it to buy properties, not that I am am opposed to this, however, I felt it was a bit strange that they mentioned this kind of financing would use a 5/1 arm.

My strategy is to buy and hold these properties, unfortunately I bought this one in January when rates were high.

Hello,I am gaining interest in the note buying business and just wondering has anyone here ever heard of Charter Financial by Leland von Syring.

I read about people who purchase a property, obtained some equity, and used the HELOC on that property to buy their next.

It's a medical office building located in Prosper, TX and here's a breakdown of the key details:Property Details:Sale Type: Investment or Owner UserProperty Type: OfficeProperty Subtype: MedicalBuilding Size: 9,657 SFBuilding Class: BYear Built: 2023Percent Leased: 100% (Currently Fully Occupied)Tenancy: Multiple TenantsBuilding Height: 1 StoryLand Acres: 1.00 ACZoning: CommercialFinancials:Purchase Price: $676,000 + $81,000 Tenant Improvement (TI)Down Payment: 20%Commission: $22,000 (agent commission)Monthly Rent: $5,400 + NNN (exact expenses not specified)Vacancy (First 6 Months): Estimated expense of $27,600 (assuming rent starts after 6 months)Mortgage Payment Options:25 year term - $4,000/month15 year term - $4,600/monthLooking for Your Expertise:Does this fully leased medical office building present a good potential investment opportunity?

Investment Info:Single-family residence buy & hold investment.

Thanks for the reply Kate, our current properties are in Saint Louis, and we buy them mostly turnkey.

I'm sure you will gain some interest from potential investors then maybe they can supply you with the down payments and you can pay them back over time and you could buy more per year.From what I know, business is a slow game and from what I hear, successful Real Estate Investing can be boring.