The method in the title is for when we are buying property and need $ for the down payment. It was explained in
that exact way. However, we are the buyer/payor/grantor. *THIS IS WHERE I GOT LOST…
The one creating the paper is the seller. We can show them what we are trying to accomplish and guide them. What confuses me about the technique is that it makes it sound like we are the ones in control of that 2nd. We are just the payor. Maybe I didn’t fully understand and there are some parts missing. I know one could create another entity or trust and buy that note back so at that point it will be in our portfolio with our LLC paying on that note to the trust
- Jaime F.