And that strategy is executed on 2 caps and 10 caps alike. 

We are trying to mitigate the potential that we drop the foreclosure, re-write the note, receive one payment, and are back at square one when they default.My original plan was to ask them to consent to judgment, and potentially execute a lease.

I found the deal in a super hot area of town and helped my mentor Logan with any and all communication and execution items needed to get the deal across the finish line.

The property's financial performance, historicals, dscr, dy, rating agency execution, your net worth (atleast 100% the loan amount), liquidity (atleast 10% of the loan amount) is more crucial. 

My sharing openly and honestly about who I am, my club members have come to appreciate the vulnerability I share and it develops a sense of trust and intimacy in a relationship.

Best of luckCheck with Brett at Bank of the West Maple Grove/Executive area

Either way, being flexible with time is always helpful when buying from someone trying to execute a 1031.

The seller has the risk of the buyer not making the mtg payments and there is very little the seller can do about it.Proper state required disclosures need to be executed by the seller, otherwise the buyer has some legal/criminal liabilities.Once a sub2 is done, a short sale is no longer possible.

At the end the permit is "closed," signifying that the work is complete and meets code.This is important for a few reasons, the biggest is knowing that the work was done to code and properly executed.

Oftentimes, the existence of a cloud on a title will permit the buyer the option to back out of a contract and often the cloud can be deleted easily by executing a document to show a debt had been paid or corrected.