Originally posted by @Wayne Brooks:@Ken Min, I'm with @Ron S. on this one, with the info provided;2007 Capitol One originates a first mtg2013 WF originates a mtg, and simultaneously (both recorded 10-03-13)gets a subordination agreement from Capitol One, putting Capitol One in second position.2016 Loan mod by WF, totally unrelated to subordination agreement2017 Foreclosure judgment by WF,  properly naming Cap One as additional defendant.

Simultaneously you are going to file tax returns telling the IRS you only get 50% of the rent/profit.

Keep your cash to lock up the next deal simultaneously with this one (if you can adequately manage both).

I know the timing isn't aligned but I wouldn't want to be in a position of pulling a HELOC (increasing debt) while simultaneously quitting your job.  

Simultaneous foreclosure of two or more instruments?

It's also a reason that most flippers will eventually or simultaneously purchase rental properties.  

So this would be a pretty typical risk/return tradeoff for the lender, and sounds great for a borrower who has enough cash to bring 20-40% of P+R, plus closings costs/fees, carrying costs, interest payments, and at least the first 1/3 of the rehab cost.For the "professional" full-time rehabber who is trying to do several simultaneous deals and leverage their cash, or the newer rehabber with limited resources, however, this would likely not be enough funding.

I did this working full time where now I'm in a place where I could take the jump and go for it full time or continue with my path working both plans simultaneously.  

At least she had means to pay three mortgages simultaneously and not loose any of her properties.

At least that's my experience of owning 4 buildings simultaneously over the past 5yrs.