- Finally, after the lender obtains the deed and the former owners or tenants vacate, they can market the property for sale as an “REO”.- Before selling the property the lender must clear up any liens or encumbrances to title.

I need to check if an LLC could obtain a CFLL.

Now I have a operating business while obtaining my license.

I need to obtain my goal of enough passive income via rental properties so I can dedicate more time to the people that mean the most.Anyone out there ready, willing and able?

However, in your case with that large student loan payment you are going to have to have significant cash flow from most if not all of the properties that you buy.I think it would be very worthwhile for you at some point to find out what kind of DTI requirements you will have for any loans you will obtain.

The knowledge you obtain from the meeting and just networking provides an excellent ROI in my opinion.

When loans become difficult to obtain and rates were 15% plus, that just opened other options.

If the assets were obtained by ill gotten gains property may be forfeited and auctioned eventually.

·Property was inherited by current owner, but subsequently obtained LOC and currently owes $95,000.

We will assume title is good, initially not an issue to the valuation process.I also assume the parties are not related in any other arrangement or family, which is common.What this seller is looking at is getting their money and bailing out from an expected possible foreclosure.I assume it's marketable without issues.If you can obtain a deed in lieu of foreclosure that would change the picture.Otherwise, after expenses all you get will be the payoff and costs the borrower may be be entitled to amounts paid over that amount, not the note holder.So, there is no profit in the head damage or a clean payoff transaction.Maybe 30-32k range less costs of foreclosure there, if everything makes sense and it's a legal obligation.