Am I misunderstanding you ?

Kerry Boyle sorry for the misunderstanding , 25k is what I have saved up , the 300-400k is a family friend and his friend willing to invest in a fix and flip with none of my money required .

Am I misunderstanding something?

I think you misunderstand the use of life insurance.

Or am I misunderstanding this?

Just want to make sure I'm not misunderstanding and being mean.Stephanie

You will create a new Depreciation Schedule for the 1/2 that you are now purchasing, using the $120,000 price less $19,000 assigned to the land.I think I covered everything there.Sorry for the misunderstanding, but that is often how it is when you are doing tax accounting.I hope this helps.Michael Lantrip

I'm assuming this is a 50/50 split but whatever the split is you need to share proportionately in the upside as well as the downside and have the terms on paper so there is less chance for a misunderstanding later down the line.

Do you believe your leads respond as well to your V.A. when communicating as they did with you when you were mainly in the roll (accent, misunderstandings, etc.)?

Maybe I'm misunderstanding you, but what does a due-on-sale clause have to do with buying a note?