Noob here, first post, and unique idea? I think? Lol

[Aaron Smith]

Hello, fellow bigger pockets members! So, a little about myself. My name is Aaron, I’m from Portland, Oregon, I’m a 33 year old man, I have two little ones ( they’re not really little anymore, a 10 y/o daughter named Teagan and 7 y/o son named Lincoln, but they’ll always be my babies) that are just the coolest kids around! I have a very very competitive spirit, and love basketball! Basketball!

Anyways, Like a lot of folks i’ve heard on the many, many podcasts, I read Rich Dad Poor Dad, and let’s just say it was a complete game changer for me! Robert is great! (Not as cool as Brandon Turner and the rest of the BP guys though!). Creating  generational wealth is my main objective. Teaching my kids how to make their money work for them is important to me because I never had that growing up, but I need to be their example. 

Honestly, I’ve listened to hundreds of BP podcasts, and they stimulate my mind with all kinds of ideas, but I don’t know where to start? But I thought of something pretty unique! Ive never heard anybody speak of this either and I at first I thought it might be illegal, but Robert kiyosaki said “don’t let someone tell you it can’t be done!” And so I’m going to ask what you guys think!
like I said, I'm from Portland and our market is insane right now. So I have a partner, we both work for big brother (Warren Buffett- Precision Castparts), but we're going to flip houses on the side to build up some cash reserves to purchase properties cash in cheaper markets across the country. Which ones? Not sure, I'm a noob. Anyways, I had this idea! (it may not be legal, but there may be loopholes?!) so what I was thinking was, if we flipped houses under one LLC, bought houses cash under the same LLC, can we owner finance the cashed out properties to another LLC that we own, then rent them out? The reason why I'm asking, is because I'd like to be the banker and eat up the interest on one side, then use the interest paid by the tenant on the other side for tax write offs and cash flow? We could literally sell it to ourselves for whatever price we choose and control our cashflow too, and slash all the risk of the bank calling the note due. Hell, maybe we could even sell it back when the principal gets low?

Thanks for blessing me with an opportunity to mingle amongst the greats! Hope you all are healthy, well and making the best of life!

Aaron