Nothing wrong with an anecdote like this, but I would say that this book is no biography either.

If you go through this process right, the 2nd lien holder may consider wiping the loan clear for a small fee, sometimes as little as 10%.

To make things clear, I want to get involved into the lease option business to be exact, but open to other investments as well.

Thanks for sharing that, Wesley.There is most definitely a wealth of information on here and somtimes if the answer doesn't come clear the first time you ask, you need to go back in and ask it a different way.Thanks, again for sharing that.

After acquiring enough free-and-clear properties, you can leverage them into multifamily properties (with proper debt leverage) with IRC 1031 tax-deferred exchanges, and your cash flow increases dramatically.Two cents worth.

But to do so you'll either have to do it behind the bank's back (in which case the LLC doesn't really have clear title to the property and you could still lose it in your lawsuit), or you'll have to refinance with a bank...which of course the bank won't do unless the LLC has credit, cash, or assets.

I'm clear on how difficult it is to find trustworthy people whether investors or others.

I hope my question/issue is clear.

I guess what im saying is once its sold at the sale is the deed clear and i am the owner of the property.

For example, i have looked at town homes, 4plexs, single family homes, Modular homes, etc. when i look at each one of these, they all have there different qualities. but New Modular homes seem to feel like they might be an easier investment to get started with to get my feet wet. they are cheaper, and they look like they would make a higher profit in renting them out.I hope my question is clear, and thanks for your help