We had an investor friend who was advised to do the same, just roll them into the new mtg, but he missed a couple by the time it was ready to close.When the new lender discovered the agreed upon 'missed payments' they pulled out at the last minute, citing the arrears.I would definitely get agreement on the strategy from the new lender to ensure it is not an issue.

Because we'll take the equity along with the gain, perhaps add in a few more investors, and reinvest in the next deal that will be even larger, produce even more, and allow us to do the value-add component again.

Once you discover they have abandoned the property you can take it back, you may have to store anything left behind for 30 days before you can get rid of it.

So more research would need to be completed to discover options.

Also a court may see it as "You conspired to strip equity or fraudulently protect assets" Would a court or plaintiff even discover this?

.:...I was thinking of using these website as a rough estimate to make a decision whether go and see a property or not....That is a good approach if you want to use an AVM, but as you are discovering the accuracy of the values is questionable.

Also - be sure to listen to the first of the BiggerPockets Podcast Here.Finally - you can use the search bar on the top right corner to search for "Wholesale" or "wholesaling" and discover a whole TON of forum posts and blog post about it.

I came across this site searching about an investor named Phil Pustejovsky and discovered many individuals do not care for him.

They should have been recalled long ago but both companies went BK before the problems were discovered.

Once that happens, you'll learn how to buy without banks and will discover that purchases are much faster and easier.