2nd lien note

[Aaron N.]

Hi,

First post. Ive been reading books and the forum here for about 6 mo. Love the podcast etc. No deals yet as I just finished paying off student loans and probably moving in the next year and I don't want to start anything if possibly moving soon. I actively search properties in order to learn more. I came across this "auction property"- 218 multi family listing.
Just for discussion anyone care to discuss this property. To be honest I came across this tonight, thought if someone could explain the 2nd lien etc we all could learn. Obvious not a beginner property but Im in the area. Plus if anyone is looking for large MF property its here to share.

http://www.tranzon.com/FX1736