One that will be predominant, will be that your "interest" is secondary to that of the note holder on the property..... and while they may be happy to let you pick up the Seller's arrerage and finance the property.........they equally, may not.

Are you shown first lien holder?

Bigger Pockets is interested in the success of ALL Real Estate investors, whether seller, buyer, flipper, wholesaler, long term holder, etc...One mistake that investors make is that they use fifty percent of the rent collected as their basis.

It is nomthing more than a need to boast or make oneself appear to be more experienced than they actually are.I agree that one paycheck or one hold would constitute one deal.I would also say that a holder of more than 1 year who cash flowed, then sold for a profit would count as 2.

There was no way the payor was going to be able to refi, and the note holder at the time knew this.

http://hotpads.com/search#lat=33.70631702490377&lon=-84.12226617336273&zoom=24&previewId=56c552jwpx7td&previewType=listing&detailsOpen=true&listingTypes=rental,sublet,room,corporate&includeVaguePricing=false&loan=30,0.0525,0Here is the link to it Jon, I got new HVAC system with cage for AC, stained cabinets, from old oak color, reconfigure appliances for more access to kitchen tops, replace tops, refreshed bathrooms (new vanities, fixtures), re-done all the flooring, repaint the railings from old black color, hang little coat holder and replaced the window on 1st floor.

I am the note holder on a contract with a buyer for a property I rehabbed and flipped on owner financing a few years ago.

I am with you on the buy and holders possibly being early.

If you are in the first lien position, you will have to pay off those junior liens if you do a "Deed in Lieu" - that is why this is best handled as a foreclosure as the first lien holder, since the second and third liens will be extinguished by foreclosing on the first.I just wish people would stop posting totally wrong GURU crap when they have no concept of what they are talking about :idea: What do you think a BANK would do - accept a DEED IN LIEU under the scenario outlined in the OP?

Was the holder of the HELOC involved in the refi?