using notes to finance deals

[Jordan Freeman]

hey BP, was curious about the possibility to use notes to finance deals. is this something that is practiced commonly? and if anyone has experience with this I would love to hear how the deal went for them.

I was wondering if this could be used to finance wholesale deals? such as not having an end buyer but rather using the note to finance the deal? this seems far fetched however would love some insight.

are notes a good way to finance fix and flips or buy and holds?

[Clifton Kaderli]

When you finance any deal you create a note. Texas is a note and deed-of-trust state. If you have a title company that is investor-focused (or supportive), and owned by an attorney (or at least has good relationships with a law office) then you should have a helpful guide to generate the debt instruments needed. 

Alan Cesker is such an attorney that also runs a title company. He is in Austin and could refer a Dallas resource. 

Also Wally Tingley and Associates are famous for the "Wally Wrap". 

I am not affiliated with any of these. I have used Alan on deals, and recommend. 

I am not sure what you mean in your question when you state "not having an end buyer". Are you seeking debt through a note, secured by the real estate, so that you can hold as a rental?