I want to know what should I do from a legal perspective that would be a firm statement that I'm not playing around or wont be swayed, but at the same time won't go to a lawsuit initially.

My cell phone won't tag when doing names, but I would ask him his thoughts as he has some great perspective on this topic.Ryan

How do these investors handle the senior liens if the second is non performing the first usually is these people usually pay the second and not the first because its a smaller payment and no one said the US borrower is that versed in RE and credit.Back in the day in California we sold notes all the time with an endorsement on the back "with recourse" this meant if it went bad we had to cash them out. and take over the position..Just seems like warranting a second that is NPN is just highly risky from your perspective..

Anyone out there who flips in LA, and you have a fresh property you've recently bought but is still pre-reno.

While I agree with both of you that the source of the information is little suspect since he is a competitor, my perspective (as an investor) is little different than @Jay Hinrichs (as a borrower/sponsor).I actually agree with the gist of the conclusion of the article: that there is not enough transparency from the sites, and that based on private conversations with investors, there seems to be a lot more failed investments than anyone is admitting to publicly.

I invest in Indy, so could give you my perspective as an out-of-state investor.

Since I am 23 years old living in Silicon Valley, I feel compelled to pick a fresh name that stands apart from traditional names.

I've been studying real estate (from the book perspective) for years and even have a finance degree with a real estate track.

But at the same time it would be a huge mental relief to pay off the debt and start fresh without any monthly obligation to worry about.

So I have fresh memories of the emotional rollercoaster you are going through.