@Junior Salters check out this podcast - they talk all about ithttp://www.biggerpockets.com/renewsblog/2014/05/15/bp-podcast-070-subject-to-grant-kemp/

Well if you are going to pursue junior, 2nd position notes, Dave VanHorn and his crew at PPR probably have the best background to coach you.

Junior liens would of course be the biggest issue for a DIL.

Actually, this up coming Saturday I start a Real Estate 101 class through Joliet Junior College, at the Romeoville campus.

I sensed the person was a junior sales person who had a narrow focus in their replies.About 10 days later I did sign up.

I would suggest spending the money on a couple of Real Estate and Contract law classes at a university or junior college.

Others have a special designation.If you are managing on-site in an office for a complex there might be very little in the way of requirements before you can start.Assume you will be the junior person so you may be doing more clerical activities and not things that require more advanced training.

Your position is junior to the lender's position.

Two phrases to look up are wrap around mortgage (sometimes called a wrap) or an all inclusive trust deed (AITD).In both cases you are effectively creating a second or junior lien above the existing 1st.

IRS liens might be junior but they have the right to step in after the a tax deed sale.If you are at an auction that is for something other than a tax deed sale you really need to know what is in front of you.