Just like a junior mortgage, the senior gets priority and remaining balance would then go down the order of priority.hope this makes sense.Note; I recommend reviewing this with an attorney as well as I am not one. 

I will likely review my experience here in the future.

View report
*This link comes directly from our calculators, based on information input by the member who posted.

View report
*This link comes directly from our calculators, based on information input by the member who posted.

View report
*This link comes directly from our calculators, based on information input by the member who posted.

View report
*This link comes directly from our calculators, based on information input by the member who posted.

Operator positions themselves as the owner of the Property Management company when they in fact, are not.

Essentially @Scott Trench is in the same position, running a RE education and publishing company, and arguably more hands on with his own investing.

Hey @David Cherkowsky, I'm not sure how much vetting you did for the tax pro you found on BP but I'd recommend getting referrals for such an important position on your financial team. 

Say I have a first position performing note, what is a typical discount I should expect to give when selling?