Posted by James Harris on March 04, 2000 at 24:10:34:
This sounds like a job for a PACTrust!!! Jason, It seems like to me that the best vehicle for this venture is placing in a trust(PACTrust). This is where you the investor “sells” the property to another for a certain amount of money, the potential buyer pays a consideration fee, to you. Then you set up the trust ina way that the one that you are buying the property from is getting paid by the one that you have sold it to and all you do is kicking back and recieving a check every month. However, you will need to get with Bill Gatten about all the particulars. I hope though that I may have given you a ROUGH idae on how it works. Have a good one.