Getting a loan without income, whether hard money or long term financing, is essentially impossible.

It is my understanding that junior lien holders essentially get wiped out if the owner of a tax liens forecloses on a property.Example: House worth 100k with a 1st mortgage of 75k, I buy the property tax lien for 5k, hold it for a year (legal holding period before you can foreclose in my state), and when I foreclose the 75k mortgage is wiped clean and I own the property free and clear?

He has agreed to continue to mentor me and as one of the bigger wholesalers in my area can essentially provide me with a never ending flow of obscenely cheap property.

You are turning it into a sort of fixed ARM where you are locking your future rate adjustments based on the market's expectations today.So again using actual market prices, you are essentially locking in and guaranteeing yourself a 2% rate increase on your first adjustment.

Originally posted by Don Hines:BryanYou sure can talk "purty".LOLBryan was quoting the opening of Chapter 1 of "The Communist Manifesto"Here is the last paragraph of Chapter 1"The essential conditions for the existence and for the sway of the bourgeois class is the formation and augmentation of capital; the condition for capital is wage-labour.

The owner holds the deed, and gives the bank a mortgage or deed of trust (different names for essentially the same thing) and a promissory note.

Because if you don't, the odds of you 1) finding a seller, 2) getting all the paperwork together, 3) getting the bank to approve the closing, and 4) getting the closing done are essentially zero.

The short sale essentially has nothing to do with the option.

To start, you need to do your market analysis - knowing your market is essential.

Essentially, we've now doubled base money (cash or its real equivalent), which will be multiplied/monetized at today's favored multiple - something like 30+ times.