I'll explain more on my blog post in a week or two about this in detail of what happened.Seth Sherman is right...I as so shocked at the blatant disregard for common legal courtesies (like, spending more than a few minutes on a very important case and reading the Freaking EVIDENCE) didn't happen.

My question is as follows: Since the homeowner already paid $100,000 off the original $200,000 loan and Steve bought the $100,000 balance leftover with $30,000 and is hoping to sell it for $50,000, I assume that `Steve will get to make a profit of $20,000, but, I as a potential investor looking to buy the NPN off Steve for $50,000, what equity do I have in the house?

If I were to purchase a mobile home from a private seller and I as a private buyer.

I am a lower middle class guy from Iowa.

Just as clarification, I, as the owner, am not occupying the main house, the main house is being rented to good tenants, and I would like to also rent out the in-law suite, which is a really nice little 2/1. 

Welcome Gilberto,We work in Nebraska and Iowa and are looking for wholesale deals.

looking to start investing into real estate and help broker deals

Hello all,I'm new to the community as well as Real Estate Investing.  I look forward to meeting many of you and working with you as I search for my first deal!

My parents, however, have a duplex in Muscatine, IA that they've been renting out for about 8 years now.

Hello, I am currently house hacking my first property. I purchased a house in June 2015 and now have 2 friends living with me providing boarder income. Once I finish paying off some debt I am planning on purchasing a ...