Hi Wale, Who keeps the promissory note in your example #1 above, of using a Promissory Note and Mortgage or Deed of Trust?

Theirs 2 people in life you need in business who you can trust and are excellent in theyre line of work, your attorney and your accountant.

Another great success with our trusted partner!

You are correct it’s a state by state thing but most states it is allowed - it also matters if it’s a primary or investmentFor example I believe Arizona you cannot get a deficiency after sale on Owner occupied but can on investment and in Texas I don’t believe you can attach to the home.Btw this is not something I typically do - but if the borrower is not going to play ball, then that’s different pretty much all west coast states you cannot get a deficiency judgement on a owner occ purchase money mortgage / deed of trust.. 

If you can make the numbers work plus you have people in that market that you trust, thats a good opportunity. 

Journalism went extinct as the parasite called marketing-media took it over so we can't trust literally ANYTHING anymore because everything is with some bias.

Trust your gut here.

As a first time home buyer it’s hard to know who to trust and what fees I could avoid just by knowing about them.

I am currently house hacking and renting my basement through my LLC.  My personal net worth is north of $1M.  Do I need additional projections and insurance to protect my assests or will I be covered by my LLC.  If so...

Beware of trusting people with a profit motive.