I know that will effect us negatively...but still would like to hear opinions since she has not paid mortgage since 07 and they have not been able to foreclose on her.

Who owned the land in question at the time of the transaction?  

Interesting, but we need our view to be know directly to the SEC it they are to have any effect.

Hello I'm really new to wholesaling, has anyone had any experience doing a wholesale deal with a broker listed property? will an assignment still work in the situation? any recommendations? I'm in Texas.Thanks!

Your student loan debt is being serviced from after aftertax income, so that 6.8% needs to be adjusted for your marginal tax rate to yield what you must actually earn to service that debt (could be closer to 9-10% pre-tax).If you have forced appreciation in the house and it will appraise for 135K, you may be able to pull additional equity from the home to pay down (or pay off) your student debt ... effectively transferring your student loan (6.8%) to your mortgage (4.x%?).  

The last time I was involved in a transaction like that, I was buying a car and could almost literally feel the salesperson's eyes sizing me up to determine what he could squeeze out of me.

There are multiple reasons why I believe this MARKETING STRATEGY is effective.

EFFECTIVE GROSS INCOME: $89,330EXPENSES:Property Management: 7.5% = $6,700Insurance: $5,112Maintenance: 12% = $10,720 (I will likely modify this number after inspection one I have a better idea of the actual shape of the property)Taxes: $8,568Trash: $1,085Water/Sewer/Common Elect: $6,910TOTAL EXPENSES: $39,094NOI: $50,236Cap Rate: 8.37%Debt Service: $33,672 (5 yr arm - 25 year am, 5.0%)Net Cash Flow Before Taxes: $16,564Cash on Cash (Assuming 20% down): 13.8%ROE (NCF + Princip paydown): 22.1%DCR: 1.49Debt Yield: 10.5%Using 50% Rule: $83.28/unit/month

And I also needed transactional funding (1.75% of purchase price) to make the deal work.  

The hard money lender will also be doing the paper work etc. so you just shadow that as well.recommend that you fund 100% of the deal and avoid for your first time a co Beneficiary transaction.. ( which is basically what crowd funding is  IE bringing a bunch of small investors into one loan)...