@Christopher WinklerI am no expert in this area as my focus is on 1st liens, however, my understanding is that the lien portion of secured junior debt can be stripped in a BK case, rendering the debt as unsecured.

That's great, how do you intend to go about that; get a real estate license and work as an agent, take real estate investor courses from motel gurus, find a mentor that you trust and respect to guide you and show you the ways of controlling flipping and building a real estate portfolio? 

Hello BP,My name is Ryan and I'm currently a Junior in college.

John, take some time today and listen to a few "CardoneZone" podcasts from my favorite mentor Grant Cardone.

One of the other posters noted that you're probably taking on added liability with someone like this, and that may or may not be worth the risk.If they do a great job, and maybe just don't understand the process or how to build the cost of paying proper taxes into their bids, maybe you can mentor them or help bring them along if it's someone you want to continue to do business with.  

Basically any junior lien can pay off the senior lien including any interest, costs, attorneys' fees, etc to "buy them out".  

I need a BROOKLYN NY-ER MENTOR WHO IS NOT BIAS who can help me make my first deal in wholesaling i am a fast learner who pays attention to details and i unstand the concept of being a real estate investor and that is knowing your numbers will somebody in the BROOKLYN OR NEW YORK AREA HELP MENTOR ME.

@Dallas Martin My 'mentor' uses a PM for his 30+ houses in Pittsburgh.  

i'm telling you all this so that you can see that i am a genuine and relatable person. life's too short to pretend i'm a stuffy business person- i'm not. i also want to show you that i am motivated, smart, and resourceful. i have goals, but i need some help. i don't have time to waste, and i read once that Andrew Carnegie said that making good deals involves being up front and honest about what you want, so this is what i want:i want a mentor to help me to get some real experience in the field, and i want to find a reliable and fair network team. i also want someone to believe in me enough to invest in me so i can get started. what i'm willing to give:i am willing to negotiate a fair return on investments. i will share and support my network team just as much as they support me. and for a mentor, i will negotiate a fair trade(perhaps a percentage of my real estate profit for the first year) for the education. and... i will totally take some people on business dinners(and write them off on my taxes), you know, as a bonus. :)so, are any of you willing to invest in me?

Some love the sport, some are interested in creating a nest egg for their family and others want to build wealth that can last for generations.Who do you aspire to be like are there industry leaders that you are following is there a guru that you want to be like or do you have a mentor that has given you a blueprint.