You'll usually find that those syndicating transactions are minority holders as they are following the thinking of using other people's money.Guessing, just from seeing what other brokers and individuals have done in pooling funds for small deals I'd say none of them drilled down deep enough to address reserves, servicing, accounting, escrows, payoffs, losses or buyout arrangements participating in one note.

Short sale listing price doesn't mean squat unless it is pre-approved for all parties involved with the loan.The lender or lenders and any junior lien holders might want deficiency against the seller or sellers,to put cash in the deal,to offer up another property that has been cross collateralized etc.You are only at 41,667 a door for 800 a month rent.I highly doubt this property is performing at 90% with those prices.If it is a lender will not be taking a huge hit like that.There has to be much more to this story.This is why I say "pre-approved" is critical.The broker/agent could have listed low to suck buyers in and put in offers and then the bank counters and they get the investors up on price.

If it forecloses the HELOC gets squat as if your lucky there will be enough to pay off the first if that.If they work with you they get a payoff to release the lien interest as a short sale.The key will be what the first mortgage will or will not do and what they will allow junior lien holders to get as a payoff in a short sale.Typically they offer junior lien holders 1,000 and then the juniors want 30 cents on the dollar.It is a negotiating process of back and forth.If you are in a fast foreclosure state a first isn't going to give juniors a large chunk of the purchase price when they can foreclose and get almost the full balance owed to them.Ideal situation would be for HELOC to accpet 10 to 20 cents on the dollar and write the rest off.Before signing anything make sure the HELOC is not just releasing the lien interest for 20k but forgiving the rest of the debt in writing as well.Do not believe anything that is not in writing.I have seen banks lie through their teeth before saying they would not pursue a seller after a short sale for a deficiency and the letter was to come from another department higher up.They closed and the letter never came.

Dear All,I am looking for cash flow investment opportunties in UK.Can some one refer me a good real estate broker with extensive knowledge on creative financing.Can I cover all the expenses from rental and have ve cash flow.Will I get the multiple entry Visa if I buy the porperty?

In most cases, the people who use this option use it on income producing property where the income will make the mortgage payments and produce revenue for the mortgage holder.

I REALLY am sensitive to the fact that a partner is an equity holder...you can't fire them.

At the time I didn't know what he was doing exactly - I just knew they were loans between the corps.From what I understand and remember it can be done between both private individuals and corporations and actually the preferred way to loan a company money or visa versa.

About 1 out of every 7 deals I work has either an IRS lien or some other Junior Lien holder behind the second.

Finding note holders that are in need of cash.

You've got it Steve.More REO homes for the Buy & Holders, and more renters for the landlords.It's a Win / Win.