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Updated over 9 years ago, 07/14/2015
An odd combination of closings.
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?