His strategy is to cruise the foreclosure lists to find junior lien holders, specifically HOA/COA foreclosures before the senior lien holder has filed for foreclosure (only works in judicial foreclosure states).

You get good enough and it is very effective.Problem with the other means (I've had 5 juniors convinced eMail/text/FB is THE way), is that you're lobbing something over the wall and hoping for a reply.I'm not discounting it as a mass mailer to get your name up, but not to drive deals.Call them and be spontaneous, you can force the issue faster and get actual replies/feedback.

Garage conversions in San Diego are considered Junior ADUs and are only legal to rent out while the owner lives in the property, while normal ADUs aren't subject to that rule.....these kind of area specific rules might be the difference between making and losing money so you need to know your specific areas rules.

Here's what I (think I) know:- Wrap mortgages include the terms of the original mortgage in them- They are designed to "wrap around" the existing mortgage terms, and add some new ones- Investors often use them to arbitrage payments between underlying mortgage and what is owed to themHere's what I don't get- A wrap is consider a junior lien yet is not considered a 2nd.

Per CA ADU guide here https://www.hcd.ca.gov/sites/d...15) Ministerially Approved ADUs and Junior ADUs (JADUs) NotSubject to Local StandardsCheck out the State law before approaching your local county.

The mortgagee shall satisfy the mortgage of record (and the Commissioner will satisfy any second mortgage required by the Commissioner under § 206.27(d) of record) in order to facilitate the sale, provided that there are no junior liens (except the mortgage to secure payments by the Commissioner if required under § 206.27(d)) and all the net proceeds from the sale are paid to the mortgagee."

Here is the BP article about it: https://www.biggerpockets.com/...I'm a junior in college and am going to be house hacking here in the next few months.

(There is a tax seminar I go to annually, and in the several hundred page text there is always a half dozen pages showing rates from around the country - from partners to junior, area by area, so thats how I know)As a buy-and-hold investor for 12 years, I can also make the same statement about rents.

GOVERNMENT CODE §403.055: Means “board, commission, council, committee, department, office, agency, or other governmental entity in the executive, legislative, or judicial branch of state government”In addition, PROPERTY CODE §52.006(b) specifically includes Texas public four-year colleges and universities (but not two-year junior/community colleges).Abstracts of Judgment: Federal Judgments28 United States Code §3201: Federal judgment lien expires 20 years after filing in the County Clerk’s Office.Re-filing prior to expiration continues the original judgment lien for an additional 20 years (40-year possible total lifetime).

I definitely am going to plan on doing this for my junior year and then sophomore year.