While it is true that she signed a legally binding agreement, you have a legal responsibility to mitigate your losses.

Either way, the point Bruce made about units coming online is very true, especially in the Tollway corridor.

Is this true even if the purchased property is not used as collateral on the loan?

I'm shopping for a first property myself and I've found in modelling out a bunch of deals around the city that for a buy and hold with high leverage it will take around five years to get out of the red on a lot of fixer uppers.

It's a great time to be in real estate; let me know if you'd like to talk shop sometime.

simply not true.. banks do call these loans … I have had it happen 3 times... and to suggest if your world ends just give it back.. well what about the sellers credit you just trashed.... ??? 

This is true, but one should note an important limitation to this was imposed with the TCJA. 

@Sam Barrow That’s true I have noticed my investors have slowed down just a bit.

When banks were paying a higher rate on their deposits than they were collecting on their loans2008 financial crisis- where a mortgage was $500k on a house that is now worth $100kWith all that being said I have personally never experienced a true, nationwide downturn.

It's exactly what I've been looking for, but what I've been looking for has also seemed too good to be true.