So where are all of these self-directed IRA investors that supposedly want to fund note deals? Over the last three to four months, I’ve attended just about every REI event and meet-up under the sun in my city (yes, in...

"I dont see why you dont think you need a job.I dont think its smart to waste our money on something riskyI dont know why youre so obsessed with thisI dont know why youre chasing $400 a month from such a headacheI dont know how you think this is smartYou got fired from your sales job because you couldnt sell and never made money thereRemember when you invested in bitcoin?

The estimates on every property are great for a quick initial birds-eye of the neighborhood.

Do nothing ABSOLUTLY do not sell and buy half way across the country chasing a few % larger returns.. the risk for someone like this with no other income is far to great.keep what he has and work on boosting the rent.. do not sell .. try to agressivly negotiate the med lien.. many times they will take 10% on the dollar .. especially with someone who cant work.

Maybe I can bring this to the current lender (Chase) and see if they would be willing to change the rate/terms on the existing loan for a small fee since they don’t have to redo the underwriting and appraisal process?

I thought it may kill two birds with one stone, getting me out of my parents and into my first property. 

This won't affect the senior mortgage you already have.Best bank for this type of debt will typically be one of the big ones (Chase, BofA, etc.).

As a wiped out junior you always have the right to sue for a judgement and chase the people ( rarely works out in low value assets like this.)also in that example your equity spread is not very good unless you are buying the second for 10 cents on the dollar.but lets say the first is owed 50k by the time it goes to sale they maybe owed 65k and if opening bid is 60k they may show up and bid up to the 65k in hopes of competitive bidding.. once 65k is met anything over 65k goes to the second in line which would be your second.. so lets say it bid to 70k you would receive 5k.. the delta. as a foreclosure buyer in Ohio its not common to see things bid up to far like it is in west coast sales. this is why seconds trade at such a low purchase price there its very common for them to get wiped out. now you can always bring the first current foreclose on your second and maybe some newb will bid on it no realizing its a second.. but then you become the owner and maybe as the owner you can sell and recoup what you paid or even make a profit.

All advice is greately appreciated.Respectfully,Chase

But, I do enjoy the chase of a great deal.