Would first have to close off original two doorways and restructure the hallway (w/ permit(s), of course).So basically for some (re)framing, drywall, paint, and trim, the property value will increase substantially, w/ additional bdrm being officially counted now. 

The loan will transfer to my father eventually, and we are allowed to restructure at that point.

So they restructured that and now Limitless is now a separate thing from that company, which is Done For You Real Estate.

I restructured a pending owner finance deal late last year on my attorney's advice.  

If all these numbers are true, and they don't have any other assets, they should probably seriously consider some kind of financial restructure or a default, unless the bank is willing to take a $45K haircut.

Hi there,I'm looking to get some feedback from people who have put up the money for a rehab while the owner holds the note for the property. In meeting with someone to potentially list their property, I suggested putt...

After about 20 minutes of spirited discussions, point out all permitted plans showed the door the size it was, and that the house was built in 1877 and to make the door larger I woudl have to remove a window and restructure one wall of the home, he relented and signed off. 

As Dion mentioned, stripping a note, buying a number of payments or say just a future balloon payment can be done without security issues if you are a broker in the business, it's done by buying participations with the holder rather than peeling off amounts to investors, this is a normal banking and finance function in brokerages.There would be no sense in buying any note that you could not negotiate the terms of, restructure or refinance, you'd be a lame duck, so get the appropriate licenses.

Assuming rent is not extraordinary like +35% income, (casually ask if their employment situation is unchanged from what is on their application) the court will restructure other debt based, at least partially, on whats left after paying for necessities like housing, food, student loans, clothing and transportation for employment.  

If not, I have time to screen for tenants i want, rather than need.Should I end up RENTING, I would like to certainly restructure my LOC to either a 5/2 ARM or a 20yr amortized rate, and pull my remaining equity from the home up to 75% of the ARV, which looks to be about 15k.