Maybe the foreclosure was being held on junior liens… That’s why nobody was bidding???

As a licensed real estate agent, you are held to a higher standard in any real estate transaction.Most states' real estate laws are very similar but I know in Texas that you always have to disclose that you are a licensed agent.

but having the assets held personally and getting a personal loan is giving any lender the unlimited liability against "everything" you personally own.

My guess is that the majority of these apartments that are cashflowing are owners that have held 15+ years who haven't put much into the buildings.If there are deals out there they are few and far between.

I absolutely despise the ACLU and all the low life legal-aid lawyers in this country.Why in the world should the landlord be held responsible for damage caused by the soap opera lives of the tenants?

Similar to why many commercial loans held by banks have 5 year call options or other mechanisms to reset the interest rate to the market rate.

The property was held by Wellsfargo.

Otherwise he tended to flip deals or take passive stakes that were not held in his name.

I set up a time with them for a online live demo with two amazing people that held my hand thru the whole process.

Say you can get a seller held second for 20% and you only put down 10%.