It's 20 acre horse farm with a 2000 sq ft house.

I instantly imagined myself controlling a horse on the carriage with 2 ropes.Rick seem to be connecting the dots from both perspectives of creditors and from perspective of investors who creditors typically deal with when it comes to investors paying off first position lien or second mortgage liens, and stating that there are multiple ways of transferring deal using 2 strategies ... either using strategy of finalizing transaction to go through the final stages of probate (during either of the 3 stages) or buying off the lien judgement, depending not the equity...The probate concept of pre, open and closed state all have conditions that can be favorable or non favorable in relationship to you closing on the deal and getting it under contract.To be honest I am also a bit new to probate concept and tax liens and judgements and subject to types of acquisitions.All of this real estate Mumbo jumbo makes my head to be honest spin sideways.However, the multi dimensional factors and art of the deal from the standpoint of multiple variables and it’s inner dependencies indeed makes real estate investing quiet interesting endeavor to follow.As you dive deeper and deeper into variety of strategies... you gain compounded knowledge that in reality most certainly can be amazingly beneficial to folks who are interested in wanting to outgun their completion.In fact I would not be surprised at all with Rick stating that straddle play method of controlling the deals can outgun rehabbers using the power of negotiation.However... imagined if you can intersect the dots across multiple strategies and be able to rehab it... how cool would that be?

I found BP after reading Rich Dad Poor Dad, as I'm sure many others have done, and I have decided real estate would be my way to get out of the rat-race.

Goodmorining all,I Purchased a 10-acre property in north-west Miami Dade in 2005 (think Okeechobee rd and the turnpike extension).It has 40 horse stables and a 2-acre nursery.

I've been acutely aware of race, and problems of race from a very young age. 

Curious as to who is paying attention to what the different candidates in the different races are saying about rent control. 

There are many co-ops in NYC and I've heard plenty of stories about a co-op board rejecting a buyer because they thought they wouldn't be a "good fit" for the building.. these were celebrities usually who the board thought would be partying to much probably but basically any excuse will do other then race, sex etc...

My outside pursuits include tennis, golf, hiking, road racing, and dancing.

Seems like a great community and I look forward to learning/growing, taking back my life, and getting out of the rat race rut I've been in. 

I hope you find your way out of the rat race that 99% endure.