You sure know how to make a guy feel stupid as well :)I guess I've just always seen the word lien used instead of encumbrance.

I recently found a 2 bed/2 bath townhome for sale in my city Greenwood, SC.

I'm curious as I've just bought myself 3x4 Plex's in the passed 3 months.

I've just purchased my second property out of foreclosure, and for any newbie who hasn't done this, it can be absolutely terrifying.

I've recently found Sean Terry via a podcast & I love the way he's passionate about the possibility of wholesaling properties.

"I've just been robbed and the cops are here right now.""

I've just decided to get my license as a realtor, but I am an investor first.

This site is really neat and I've just started to get into the nitty gritty of it.

Luckily, my Dad owns his own construction company so I've always got that option of a joint venture.Below I've just included my logic about my strategy (mentioned in the first comment), would be great to see if you guys thought I was heading the right direction.Process for this example deal I was looking at: http://www.rightmove.co.uk/property-for-sale/prope...1) Buy properties at auction, 2) Add value through converting into either a 7-8 bed House of Multiple Occupants, e.g. students, young professionals etc, OR three separate self contained apartments, 3) hold each apartment for rental income.This place is right next to an overground tram station connecting tenants to the whole city, surrounded by 12 bus stops, bars, restaurants, 8 schools within 1 mile of the property, 10 minutes to one of the main city hospitals and a VERY strong rental demand.

I recently found BP, which helped in finally giving me the motivation to start investing!