good positive cash flow?

If all that is needed is the final, you should be in a good position, but without all the facts, impossible for me or anyone else to say for sure.

Thus our position is that they no longer even exist.

If there is no equity and Sandwich might be an option, if there is a positive cash flow between rent differential, but...80 for 80?

Originally posted by Wayne Brooks:I know the 10 day redemption applies to the Homeowner-if he can pay off the full judgement, but I didn't think it applied to junior lien holders.If the junior lien holder has a sufficient equity position in the property, they will often be one of the bidders at an auction.

If i was out of position i wld foreclose ;-)

Of course all the properties need to be cashflow positive with a good ROI (deposit) and IRR of at least 50%.Let me know what you guys think and share with new investors where you would start if you had $100 000 and perhaps what areas would you consider.Looking forward to your contributions!

I am intensely fascinated by the market and the fact that this investment provides tangible and human links that are unique to this field (which I'll bet for many has had both positive and negative implications!).

Tend to agree with the other posts that it sounds like there isn't much positive cash flow.

Eventually after putting the time in you could get a senior position with a better split or go out on your own now that you have contacts and your own following.If you do not have experience it will be hard to pickup clients when you are talking high dollar amount investments as they want experience.