I take after my Uncle who was a diamond cutter & entrepreneur, and my hazy notion as a child was that he was rich, simply because he lived in Laguna Beach, CA.

Trouble makers out quick and the others love it..

Rich

When I was 13 I started my own landscaping company in NJ (Divine Landscaping) and just recently started a video production company (Non Stop Productions).Through the 4 years I have been in Raleigh, NC I have seen an enormous change in real estate and I am tired of sitting back and watching other investors get rich quick. 

You could lose control of expenses very quickly if you don't know where each dollar is supposed to go from the beginning.The lump sum he provided sounds more like an estimate and not an actual bid.

Have been on BP for some months and my participation has been underwhelming. Doing my best to change that going forward and check out PRO posts daily and respond where I can be helpful.Not soliciting anything. Just wa...

It seems like a quick, brokered deal to me. 

Afterwards (buy them a coffee or quick lunch) write down everything you discussed so you don't ask them the same questions which they'd consider an insult.Do it!

well assuming it meets the QM rules for owner occ.. etc.the scenario you presented is not a very attractive note unless the discount was HUGEPV is what investor look at.... what rate of return they want and in notes its usually 8 to 12% APR but with 100% leverage most investors will only pay on face value about 60 to 70% LTV ... so right off the top you would be taking a substantial hair cut.No secret what your trying to do.. but I surmise you will very quickly realize its not realistic .. the discount would be such that it makes it a no go.If your thinking someone will lock up their money for 10 years at 5% well thats not going to happen especially at 100% LTV... 

Always more than the seller reveals.Stop reading crap like Rich Dad Poor Dad.