An odd combination of closings.

[Jeff Rabinowitz]

    I've got an odd combination of closings this week. One closing will pay off a note I funded; the other will originate a note. The same investor is involved on the sell side of both transactions. He is selling a rehab I funded and will pay off that note. He is also selling another property to another rehabber and I am funding the buyer's purchase. This is the first time I have funded the purchase of a home that one of my rehabbers/borrowers sold and I found it strange to be working on the paperwork for both transactions concurrently.

     Have you done deals with the same partner on both sides of transactions?

[Bill Gulley]

Many actually, you'll have a network of buyers, sellers, rehab contractors and you'll be funding one deal that pays off your other loan. Almost like "churning accounts" LOL.

Paying off discounted notes is even more fun!

Keep them separate from each other, don't do any fancy book work to credit another account, just treat them as if it wasn't you, just like any other transaction. 

I'd text you about it, but was unable to get through Jeff! :)