I am seeking suggestions to make this deal work?

Hey Mike,Make sure you do your homework if they do "gift" you the amount.Unfortunately there are limits on how much a parent/s may gift their children without triggering gift tax by the IRS.The IRS is the last entity on earth that you want to have future issues with.I would seek advice from a tax professional BEFORE making a final decision.All the best!

There are a few ways to do this, but they usually come with steep penalties (in a sense) to make up for the convenience.

I'm new as well and you're on the right path seeking this info.

Yet and still its most beneficial for you to seek out other deals and secure profit for your business.

Seeking to connect with the Real Estate community and investors in Montreal area initially, but am also open to look at good deals anywhere.

First right of refusal, substitution of collateral, subordination clause, non-recourse provision, pre-payment penalty, etc.

Failure from the borrower (not the Trustee) to make the future scheduled payments are grounds for the creditor to seek Relief from the Stay of Bankruptcy.

Keep a small but stable group of buy-and-hold buyers (low, mid, higher income type properties), a group of rehabbers who flip with varying degrees of work involved, and continually seek listings both from your buyer base and from other investors.

Call your Recorder at the courthouse and ask what the penalty is for intentionally filing false documents in the land records is.