You were not buying a NOTE you were originating A new mortgage and prom note @Wayne Brooks as Wayne illustrated your confused on what gets recorded and what needs to be notarized.. the prom note needs neither notary or recordation. its the mortgage that needs both.and that fact that its not already of record means you made a new loan.. once the new loan came to light to the Senior lender I am sure there docs preclude any junior encumbrances or mortgages.

It also illustrates why top producering agents like myself and you are selective on who we work with. 

Copy that, the illustration above is more of an annualized return scenario, factoring in fluctuation (and keeping my hopes from getting to high).

Sounds like a good illustration of why not to go with the transaction fee brokers.

I'm certainly not a math whizz, but I've put my trusty old HP10bII calculator to work to lay out some scenarios that may help to illustrate my point.

I read the RD PD books and I found them helpful both in motivating and in illustrating of how balance sheet and income statements work together.

Now, I didn't want to unnecessarily bring back Mexico into this conversation but it's illustrating my point so well.But again, if you buy mainly for lifestyle, you shouldn't care too much about that and you might be happy to enjoy the scenery of 1-lane Costa Rican roads.

., for illustrating why most people need the professional guidance of either tax accountants like me or financial planners like you. :)

Let's use the illustration of driving a car to help you understand the concept.

I've put a slide together that uses exact figures from two multifamily investments that hopefully will illustrate the power of the tax savings.