As the AT&T ads say "its not complicated."

Typically, secured debt (mortgage) survives death of debtor.That's an oversimplification and there are exceptions, as well as local State laws which can further complicate the question.However, if the question has to do with buying a fire-damaged house from the owner of record or estate, finding equity could be tough.

Since you obviously do not have experisnce with this technique I would recommend learning a little about the basic concept then if you want to try it do a Wholesale Lease Option where you just assign the paperwork to the tenant buyer and seller and just get to keep the option deposit as a fee.

Ive learned techniques to get them engaged, but never a script.Best of luck to you - Chris

So you should know the remedies as lender to enforce your lien.There are a myriad of issues that could complicate a BK, foreclosure etc., which why it is essential that your the language written in the promissory note and other documents be written clearly & correctly.It would be unwise to assume too much.

You could also look at the paperwork for the purchase closing and go back to the lawyer who handled it.You probably have a simpler situation if it was a single member LLC but the situation could become complicated by a multi-member LLC or any changes in legal status (marriage/divorce) of the member even for a single member LLC.

You may need to structure it in a more complicated way that specifies a minimum amount you will be compensated for these major jobs.

Most typical analyses focus on trying to evaluate a potential deals, but if you want to evaluate a deal that has been on-going, compound annual growth rate (CAGR) is a common metric.When I worked for Microsoft and some other big companies, we used analysis techniques that were in some ways much more complicated than what you'll see in a typical real estate analysis, but in other ways much more simple (sensitivity to inputs is important for complex deal analysis).

@David Beard Definitely complicated.

Share the details here and we can do our best to guide you forward, but there is no replacement for having a trained eye live and in the flesh to help through what can seem like a complicated process.On the question regarding wholesalers not being perceived well, its because the barriers to entry are low, and there are a lot of people out there bringing non deals to market that should have never been.