Was able to pull out enough to pay off GC & all outstanding credit cards.Plan is to now pay off both HELOCs w/ agent commissions, having achieved financial freedom via STR income.Listings:2/2: https://airbnb.com/h/rillitopath 21/1: https://airbnb.com/h/rillitopath 1 Lessons learned?

This BP community is outstanding. 

My hard pass: 1. electrical damage 2. large plumbing issue 3. outstanding liens when combined are way above property value.   

San Diego has been an outstanding buy n hold RE market.

A friend of mine who is struggling and hasn't paid his mortgage and a line of credit for more then a year. i would love to buy the house in a short sale. how do i do it with two outstanding loans? 

The chart is outstanding and helps put our market into the proper perspective.  

I'm relatively new to the BP community and have been going through all the old podcasts - I've now listened to two that you were on and thought they were both outstanding. 

I'm sure there are lots of threads on BP regarding buying at Trustee sales and I suggest that you become very familiar with the auction process specific to California.Check with your title company to make sure that the 1st lienholder is foreclosing and that there aren't any senior liens outstanding.

Remember, the bank is trying to cap (or recoup) losses as best it could, the appraisal is just used to get them an estimate of current value and really has nothing to do with the outstanding loan commitment.

The networking and educational opportunities are outstanding!