With its almost 8 yrs of payments paid on it thus far; The approximate superior 1st lien balance outstanding is $243,000QUESTION: Given that that this 2nd lien loan was closed thru an attorney and the parties knew one another, and it appears there is SUFFICIENT equity cushion between what they owe on their 1st lien ($243K) and their 2nd lien ($24K) Vs the $625K to $650K  Now  Property Value.WOULD YOU BUY THIS 2nd lien ? 

1st investment - 64% over 1.5 years 2nd investment - 86% over 3.5 yrs

I believe he's looking at 4-9 yrs.

I too am interested in the Sub2's and L/O technique after being out of investing for the last 15 yrs. 

I have so much knowledge on start to finish process for obtaining non performing real estate and making them quality spaces for people to live in as I habe done in 4 properties over the last 10 yrs.

The success we have experienced was the result of tracking down anchor tenants from about 3 yrs as part of a former project.

Pay a tuition for a degree that would take me 2 yrs and then who knew how long it would take to find a job or 2.

At the end of the lease it was a pleasant expericene.The tenants did not damage the property visually ,so I returned the entire security deposit .The night mare started 1.5 yrs after the CRS tenants vacated .

I have been banking with Bank of America for 30 yrs but they always have fees.

They will not ask for your income, W2s, tax returns, or employment verification.You have to decide which is more important lower rate and slightly lower payment, or ability to scale leaving your personal credit unaffected.Second option is to consider a HELOC on your investment property, we can go up to 90% combined LTV, 2nd position, min loan amount $50k, term length 10-30 yrs