Be aware, too, that the first mortgage holder is unlikely to give you any information about the loan without an authorization form signed (and maybe notarized) by the borrower.

All lien holders who are receiving an amount in less than full will need to be contacted in hopes of reaching a settlement with.

@Anita Muhammad Keep in mind hard money lenders will usually need to be the 1st lien holders on the property.

Can we simply add him onto my account as joint holder in order for him to have proof of funds to close A.S.A.P and not run the risk of loosing the property?

(He is my SOLO401K provider too :-) )I would add from the account holder side a few things to be aware of.

hey everyone, im Shai.i saved $45000 that im planning on investing them in real estate.im new to this world so id appreciate if anyone here could help me with telling me what is the preferred way of investing (flip, rent etc.) and why.also, i live in the states on a j1 visa, and i was wondering where i can check if there are loans avaliable for me .thank you!

A note can be "worked", i.e, a note purchased at a discount can offer borrowers incentive to change the terms thereby often increasing the note holders return.  

but usually they name the actual asset.. if its un related to this property then maybe it never becomes an issue vis a vi getting title insurance. 

You can get a Federal EIN and open a business checking without being an LLC, but there's really no upside unless you want to use a DBA rather than your own name.As far as cards, I just switched to Costco's Visa, 2% cashback and 2 extra years on warranties.

No, I only holder the certificate sheriff sale. .