Has anyone ever used Liran Koren's off-market investment strategy

[Dale Peterson]

Hey, everyone. I'm a long-time lurker but new poster. I recently came across a real estate guru called Liran Koren (lirankoren.com). He seems legit, but I wanted a second opinion before I pull the trigger.

His strategy seems like utter simplicity, even better than a subject-to deal, but in the back of my mind I wonder if it's too good to be true. His strategy is to cruise the foreclosure lists to find junior lien holders, specifically HOA/COA foreclosures before the senior lien holder has filed for foreclosure (only works in judicial foreclosure states). Then you contact the homeowner, work out a quick cash payment for a QCD deal, pay off the HOA to stop foreclosure, and then you can rent out the property for years for pure profit without ever having to pay the original mortgage. Something about you are now a party with indispensable interest, since the bank doesn't have a promissory note with your signature. It all seems so simple, but before I buy his course I'd feel more comfortable if I could get a second opinion. Am I missing any risk factors?