Balloon Payment:• At the end of 24 months, the buyer will make a balloon payment for 50% of the remaining balance of the loan.• This balloon payment will be paid through a cash-out refinance of an investment property valued at $198,000.7.

Well I have seen this come into play - I had someone who has a note in florida that was a non-owner occupied loan and the lender claims the borrower failed to make payments on this and attempted to record the deed in lieu.

As far as educational material, there are some good courses on underwriting in Udemy.

Tips for the buyer:Be prepared to be flexible and wait.

Thanks Denise for all of your detailed information on Alabama tax liens.

And it sold for more because I was accessible and right there walking with them in their buying journey. 

I attempted to provide the most transparent and up to date information on this site. 

The best thing this community can do is encourage your son to run far away from a subject to deal.

For many, if not most, this is likely to be after a workout, coffee, and around 10:00 AM in the morning on a weekend day or on a vacation day.

I am sure there are people who did it, even on this forum I saw posts by multiple users who claimed that they were successful doing this method.