Therefore, the USA is now renown for undervalued, repossessed and easily renovated properties that may be worth much more if and when they recover.

Failure to keep up the payments on a senior lien or failure to meet the terms of the 2nd, would put John in a position to foreclose to recover the property.

I would like to recover my initial investment within two years if that is possible.

So as long as the equity I can recover is larger than the difference between rent and my PITI I'm better off.For instance the apartment I'm moving out of rent is $995, money I'll never see again, the house I've bought mortgage is $1147.

. $34,000/7200 = 4.7 years before you recover your cash; cash on cash return of 21%.

We certainly need to be protected from our capitalistic selves...cannot have a true free market or else folks might actually recover some wealth.

Hi,My wife and I are looking into buying a piece of property that can be made to be what we need (we have very specific needs because of our business and special need child.)A conventional lender is out of the question as our credit score have not recovered yet from a hellish 4years of multiple surgeries, a move from Texas to Colorado after the big economic nose dive and a tenant that basically rendered our former Tx house inhabitable.We were wondering what type of ROI a private lender might expect.

In the mid 2000's, my wife and I accidentally got into real estate investing and flipped four properties before out lack of real preparation and the bursting of the housing bubble did us in.We've spent the last seven years recovering from that.

And the original borrower may have a deficiency judgement on them for the first bank to recover that loss.

Unlikely you'd recover the costs for impact Windows, unless you're above $250k or so.