Risk free and cash out of pocket free, and a heck of a lot easier to get a homeowner to yes to the offer.

That is definitely a question I've toyed around with my mentors and investors. 

But in general you should treat a residence like a big, expensive toy.  

My wife had a similar incident at Toys R Us and saved $50.

Vehicles and titled trailers, toys like a 4 wheeler the lien is perfected by completing the lien section on the title and sent in to the DMV or similar state agency.It the interest is in connection with a land deal, file a notice of the other lien in the land records with the subject property, if they will do it, but it at least throws caution in a title search that may cause contractual issues, but aren't liens on the property.Don't file a note unless your recorder requires it for personal property, you may need to prove the debt was created. :).

@Andrew S.And what your friend said also applies to boats, ski chalets, RV, luxury cars, atvs, snow mobiles, and a whole host of other "big boy toys" and big girl toys also.

Best to gather your toys and go home.That was my last profit sharing arrangement from a lending position involved.Since then I had several successful deals, one very successful in a steel fabrication business, a grocery store and several smaller deals.

I have been toying with the idea of doing a local meetup group in the SECT area.

I liked my toys (guns, etc) and spent every extra dollar I could on them. if I wanted something I found a way to get it. you guys have touched on the budget side, so I will add what im doing now to get my down payment for my first deal....i'm selling some of my toys and not getting that new truck.

If you're about to have legal actions, don't do anything, eviction was one of the biggest issues I was referring to. Yes