They want to stay in their house (or else they probably wouldn’t be paying on it).With junior liens, you can’t discount emotional equity.While the most common exit with first liens is through the property (i.e. foreclosure), the more common exits for second liens are through involvement with the borrower (i.e. payment plans, discounted payoff, short sale, deed in lieu, cash for keys, etc.).Regarding deficiency judgments, although it may be a profitable business model for some (for example, collections attorneys), for most of us, it’s just not profitable to be chasing deficiency judgments.I hope some of this info helps!

The best (and more extreme) example of this was a crazy shrewd developer who sold a condo complex in bulk, then retained the parcel for the parking lot and other common areas in his ownership to sell to the buyers later (basically as collateral for the deal).

By far the most common question is "What zip code should I invest in?"

Perhaps there is an interesting idea to explore later on my idea of what it means to "buy a foreclosure [property]", essentially that does not mean the same as discount, which I find common in the public.To some degree, it's a little bit of an art.

I am entering into a Tenants in Common agreement with family to purchase a single family home, and converting my personal residence into a rental.

These spaces are common in my local market.

Listening to podcasts and reading articles, etc. it's clear that investing in real estate while simultaneously holding a full-time job is possible and common.

Or a structured partnership.A common statement said is flip in a corporation and rentals in a partnership.

Ownership of condo units can go outside as well, porch, walk, yard area, but there are common areas that are under the community management, like a tennis court or pool, club house.

Texting is common.