I have developed some sceptisism towards "home run play" type of investments - buying farm land cheap in the path of development and the scoring big is financially appealing, but the idea  also strokes the ego; every investor loves a good turn arround story!

Hi, I was wondering if anyone can give me some color on the operational steps involved in purchasing bundles of non-performing notes, in broad strokes. 

Gold to hug and love and stroke and pet and I will call him George!

Broad strokes about down payment and market rates. 

Mom had suffered a stroke years back and the wasn't quite the vibrant woman that ran these ventures.

I think jay would echo what we practice - unless there's a compelling reason (financing, political stroke, or discount on land) I will always prefer and attempt to buy out the land owner and get them out of the way. 

I also own a business that nets $500k+ annually, and the nature of the business has little to no opportunity for deprecation and amortization so I'm stroking a $250k+ check to the IRS every year.

Different strokes for different folks.

"A LLC" via a few strokes of paperwork at the title office takes ownership to Lot 1....JS takes full ownership to Lot 2 -- then "A LLC" could buy the lot from JS via an intermediary and exchange? 

I paid it off and gave my lady a life estate.. same kind of numbers it was a 250k house she owed 40k but did not want to move.. so I paid it off let her live there Totally free she just paid for her utls.. and she made it about 10 years.property is now worth about 750k.. so not a bad deal for us. we are building 3 homes on it now.so stroke a check and let him live there for free for a number of years and do an equity split down the line. other wise really the best for him is to let it go and get overage as his credit is toast already the BK will buy him some time but it will cost and he will end up in the same place.. maybe make a few more dollars.