What kind of deal is this and who is the guy giving you $20,000?

[Mike Schorah]

A creative financing deal that is Cashflow positive goes like this. You give the seller, say, $5,000 to give you the deed. Say you put in $3,000 of work in the house. Now you’re at $8,000. Somebody gives you $20,000 to take over. That gives you a positive $12,000 and then you’re earning $300-$500 minimum a month.