So for instance say 6 people go in to lending $600,000 to a developer (these are all non occupied investment properties in Texas) and all 6 put In $600,000, supposedly all six people will have their name as a first lien holder on the property.It’s a lower return than what’s expected from a NPN but much less risk.

Just like when other high priced business's are sold they are not blasted all over the place.My local commercial bank that I have been loyal client of since it opened and a stock holder.. they never asked me or told me they were selling LOL.. matter of fact the only two that knew were the president and head credit officer.. 

I am really just interested in the lot.My thought is to get a signed quit claim, insurance info, current lien holder.

The 1st mtg foreclosure would wipe out a secondary judgment lien.....I guess it depends on who gets any surplus there, junior lien holders or the owner.

The past and as I know now current / lien holder along with QL is a 89 year old man that when I called him is not in any shape to deal with this and does not even remember who I am or the home. 

If you want to get the strongest rents from SEC 8 you need to have a voucher holder with the right number of bedrooms and one that has income.  

Yeah im a buy and holder myself too.something to consider...... you could get solar on you property and include electric in your rent.

While this was excellent news for us, it provides complications with obtaining traditional financing as she wants to be listed as a lien holder and no institution would finance me if the down payment isn't really a down payment, no skin in the game on my part so to speak.

The LLC has a EIN and once a bank account is open this will be sufficient to collect rents.Also, depending on the type of visa it is very difficult to get a social.Thanks for reading.

Even if you find lien holders who would sell you a cheap option on a worthwhile lien,, let us know.