Everything he teaches about personal finances (budgeting, car loans, credit cards, etc.) is spot on.

Buyer of note thinks seller still carries the insuranceWe sold a loan once to someone and a few months after we sold it the buyer of the loan called us asking for a copy of our insurance.

It provides more clarity for me as this is new and uncharted territory - especially how the repairs/draws take place seeing that this was a vacant fixer-upper and the lender in 1st lien has a rehab loan.

With over an estimated $300 billion of extremely delinquent debt yet to be liquidated to the secondary market, there is a a lot of opportunity to reposition these loans, keep folks in their homes and make a very nice profit for all involved. 

VA and FHA loans are basically the only assumable ones in the market place.

We’re now listing at $4,295/month.Financial details:- Loan balance: $640k on a 30-year fixed @ 2.85% (PITI: $4,020/month).- Selling could yield $400-$600k, mostly tax-free, if sold by spring 2025 while within the 2 of 5-year capital gains exemption.Options:1.)

We're considering a mezzanine loan to get to pre-sale phase.

Plus that $75,000 is out of pocket, not financed in your loan.

What loan are you using where you can put only 1% down?

I would probably structure it as debt like a loan and possibly break it up into quarterly payments or whatever you think will work best for you as far as repayment. you can get creative....