Writing in books, taking notes, memorizing.

Happy to share notes as I learn.

Note: I'm self educating on Commercial Real Estate deal analysis, so pardon the elementary question(s) (I'm sure there will be more!)

I'm a new investor and looking for any advice or guidance around quit claims with consideration and a side note for payments.  

follow @Scott Carson for education and podcast if you're interested in first position notes.

First, you should reexamine your second mortgage loan terms to learn if there is a prepayment penalty associated with your note. 

Maybe they are planning on selling the note? 

Quality (A is remodeled like new, B is a clean older house with some updates, C is a dated house but not bad, D is dated and needs work, E isn’t even worth caring about… D actually isn’t even worth noting)3.

Also, I should note that being an Engineer made me want to retire extremely early.

I love being a private lender but the fact that it simply increases my taxable income makes me consider shifting some of my note portfolio to multi-family perhaps...You might find this discussion beneficial where similar question is raised: https://www.biggerpockets.com/forums/51/topics/604...Owning notes in your retirement account (especially self-directed Roth IRA or Roth Solo 401k) is ideal since you can have tax-free income for the rest of your life if you utilize one of these vehicles.