I’ve never sold a note so going to ask some information from the experts.

Please note the information provided below is a layman's definition designed to provide a basic understanding for the general audience.

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I wanted to follow up on this thread because I am getting so much conflicting information on this topic.

The information contained in this post is not to be relied upon.

The information contained in this post is not to be relied upon.

This is really a lot of information packed into a densely worded post.Yes, you can use loan proceeds to buy out another member, but it doesn't seem like you'll have enough to buy out and develop.

In addition to the different tracks @Chris Seveney descrubed, there is also good information on creative financing and seller financing (including what to avoid).

Here’s a bit more information about why these could be such powerful tools for you:Financial Support: The average benefit for buyers who qualify for down payment assistance is $17,000.