We deal with this type of thing and much, much worse, every damn day. 

That property would then show an outstanding invoice until the utility charge hits the credit card.

It did not bother me as I kept achieving outstanding return even with poor initial cash flow.  

Once I got it, as a newbie, I realized the place was damn near unrentable because of the chaos in the community.  

Your LTC is the purchase price of the collateral divided by the loan amount. the LTV is the value of the collateral divided by the debt outstanding.

Sure I make money on syndications as a GP for NNN properties but I also love helping people and feel great where we all make money together.It's when syndicators set a certain money number of net worth benchmark by a certain time and they do anything to try and get there is where they can lose their soul as a human being.At that point money becomes their God and everything else be damned.

You just trusted, but didn't verify.This is an excellent thread to remind folks to do your own damn diligence.

However, we still need to ensure that credit scores, title, and any other outstanding items align with our guidelines.

It also offers an outstanding tax advantaged vehicle with true compound growth with guarantees that rudimentary savings accounts lack.In addition, investors who want a new line of credit can consider cash value life insurance as a roundabout way of getting it, by using the cash value itself as collateral for the financing.

At one point, I had over 24 million in loans outstanding.