It wasn't until then that I realized that I purchased a junior tax lien. 

Hey Bigger Pockets world,I am currently a Junior Finance student at Loyola Marymount in Los Angeles.

Doss Docs are cheaper than Lightning Docs from Geraci and they can cater to junior lien positions and cross-collateralizations, too.

I need credibility, either through working for a couple of years for a company or buying my own property, starting small, and scaling with time.Now, my plan is to graduate next year (Im a junior), and get a job in a firm as an analyst in order to build that experience and mainly cover my living expenses, while on the side buy my first small property and go from there.However, and this is where I start overthinking,  I still have 1 year left in school and I want to use it to my advantage as I don't have any expenses or responsibilities other than school yet, and I want to do my first deal.

They asked, “why do you care about junior lies when you are in first position?

Your only way to get cashout is a full-blown cashout refinance.Not aware of a lender that will do a HELOC as a junior lien to seller-financing.

So if the LP's have enough cash they simply pay the loan off and own it free and clear.. but the size of the deals are so large raising cash to pay off debt simply is not realistic at all so if the property goes into default your junior position investors find themselves wiped out.Further more thats why a debt fund like Chris has can be a good choice for the very conservative investor..

That's certainly one of the factors since 1sts tend to have tighter margins than junior liens.

I have been branded as just no-fact Cryer to undermine my valid experience based on technically of junior partner, old company etc.

@Josival Junior, I would counter, see if they're open to negotiating, and if not, then walk away.