Now if I had equity (office not 100% financed by debt), I need to make sure that the equity holders are satisfied with the 0.25% spread on the debt + 4.25% on the equity.  

For instance, if you lived where I do (North Los Angeles), would you invest here as a buy and holder?

So I stop into the Dollar General store in my town and buy four $25 prepaid Visa cards.A nice older woman walked to one of checkouts at the same time as me and insisted that I go ahead of her in line because she had several things to buy and she saw that I only had the Visa cards.

Note buyers buy notes (secured loans and othe cash flows) from note holders who would rather have a BIG lump sum of cash now vs. collecting small monthly payments over a long period of time.

I am getting 1000 business cards, the website started, a card holder, and 2 shirts for only 45 bucks!

Certainly many of these loans were "Stated Income Stated Assets".One of these days the note holder is going to "bite back" and it will be a bad day for the borrower that committed federal loan fraud.

Who is the lien holder on the first?

(b) A seller of an interest in residential real property who reacquires the interest from a person who has engaged in rent skimming with respect to that property, or a law enforcement agency, may request the court for an order declaring that the reacquired interest is not encumbered by any lien that is or has the effect of a judgment lien against the person who engaged in rent skimming if the lien is not related to any improvement of the property and does not represent security for loan proceeds made by a bona fide lien holder without knowledge of facts constituting a violation of this title.

Either the train is going to hit you or you are going to get out of the way, just in the nick of time.If you are a wholesaler and I am a wholesaler, which by the way I am a buy and holder first.

With a redemption period, owners or junior lien holders may pay off the auction winner and take possession of the property.