HI all,   I am posting on this thread thinking some of you may be lending money on first lien mortgages and wondering if anyone has done business with Garnaco? 

Hi @Dan MarlYou should have a lien waiver for the contractor.

If you take the number of page searches divided by the number of units and anything greater than 300 is good, greater than 600 is outstanding.

Line up funding before demo by securing a hard money term sheet and one private lender, build a simple scope focused on safety and rent/value drivers, and hire a vetted GC with milestone draws and lien waivers.

By automating the tracking of tax liens, foreclosures, absentee owners, and code violations, you can identify motivated sellers before their property hits the open market.

Let’s say hypothetically  they were willing to sign a lien / deed of trust / mortgage in my favor to protect my position.Also, let’s say that the person that was selling and did the deed of trust to secure assumption ended up having a judgment at a later date.. could I foreclose on the deed of trust / mortgage to clear title?

But even that’s flexible — some programs let you use a second lien loan to bridge that gap.This is one of the smartest ways to get into real estate in 2025 — especially if high rates have been holding you back.

If you’re exploring private equity for real estate, lead with credibility, not the ask: share a simple one‑pager with your buy box, a recent sample deal’s numbers, your plan to protect capital (promissory note, lien or pledge, insurance, clear exit), and your communication rhythm.

Situation: Year 2007 - Looking at a VERY old at the time 2nd lien Mortgage on a residential property in Illinois.The 2nd lien Mortgage & Note was made back in 2007 by the lender on this investment property many years ago and sat behind a BIGGER Wells Fargo 1st lien.

But there's an IRS lien on the property.