Investment Info:Single-family residence buy & hold investment.

Investment Info:Single-family residence buy & hold investment.

The HELOC may or may not disappear, but it will likely be "extinguished" from the property title after auction.After a first mortgage lender forecloses and it's lien is paid off with the proceeds from the sale, any surplus funds from the foreclosure sale are distributed to creditors holding junior liens, like a second mortgage lender or judgment creditor.And by the way, YES you should serve notices prior to entry just to be safe.After you acquire the property, what is the goal? 

For experienced investors, do you see a scenario where an investor would assume the properties at a reduced rate which would allow us to cash out and them the opportunity to earn some easy money while holding the properties.For example: Say if we wait, we will sell the properties for $1M.

Terry,Have you weighed out the pro's and con's doing a fix & flip and capital gains versus fix and hold long or short term rentals?

Guest- I no longer want to deal with guest regularly.

if I am holding onto this property for a long time, will 1 year of lower income make a large difference?"

My question for LTR investors - what would be an ideal loan for you assuming its for a longer term hold..Please dont tell me 3% no fees, 100% LTV, close in an hour, no prepay etc etc  LOL ...  

While I've been focused on buy-and-hold strategies, I'm eager to elevate my game and explore new investment opportunities.

Flip, house hack, buy and hold?