I’m currently a junior in college set to graduate in September of 2019.

Congrats on the first wholesale deal, Junior!

I will be a Junior at the University of Minnesota in the fall, so hopefully my experience in school will allow me to help you.

Number 1 is supplied solely by the other party.In instances like this it is common to have some sort of preferred equity where the person supplying the capital gets paid back first and is junior to any debt financing.  

So I would actually say that even though most tutorials are aimed at NPNs, a lot of the information is very useful/relevant when looking at a PNs, especially when it comes to doing due diligence like ensuring title is as expected (you don't want to buy a 1st lien and find out you're now junior) and valuing the property (e.g., through a BPO).

As a senior lienholder you may not need authorization from the borrower to speak to a junior lienholder.

@Steve MorrisModern democracies elect politicians based off a glorified popularity contest with almost zero emphasis on skill set, qualifications, background etc... do you really expect junior college dropouts to save the world in some way?

Fast forward a few years and I’m finishing up my junior year of college; I was an entrepreneurship and finance major and beginning to get serious of where I wanted to take my life.

Junior Salters - No, the owner is a matter of public record.

Hi Devin, I bought my first property when I was a junior in engineering college at The Ohio State University.