You could lose 20% of your money.

You lose time and will probably win in small claims if you have your ducks in a row… then you have to collect.

hello alli researched the cos seg issue. i think its too much of a hype. basically it all comes down to accelerated depreciation. eventually you will pay it back as time progresses or when you sell the building. however, the cost seg report is not a cheap one do to. so net - you lose over the long run.

If the answer is "yes" to both of those, they could probably care less about the 2nd lien.

My prediction: you lose this deal over what you're thinking.

I am not very smart here but it appears that you will be paying 14k out of pocket for the priviledge of losing $330 a month in the best possible scenario.

First It is fraud second if you lose your tenants and can’t make the payments you may lose your primary residence.

If you sell with an agent you are going to lose 60-70k.

Is the worst case scenario that you cannot refi and have to hold for an extra period, or is it that you are borrowing the funds and lose money because you are out 50k for the rehab/refi?

NPL's - If house prices start to fall, that can have an impact on NPL's as sellers are not concerned with NPL property values and holding costs, but if housing turns, then holding assets which have out of pocket costs AND are losing value will force them to sell much faster.Seller financing vs. institutional paper?