Keep in mind your contract must include consideration (earnest money) to be valid.

After the note is purchased, this loan will be modifed for the borrower, however no consideration can be made for the benfit of subordinate financing.

This was at the height of the Apprentice and I thought it would be a good way to see "The Donald" and Robert Kiyosaki in person.After my dad and I purchased our tickets separately for a couple hundred dollars, we were each sent a package with a couple extra tickets enclosed.

Take this into consideration whatever you decide to do.

@Michael Lleverino,Here is one for your consideration; financial partner.

Being a senior in my last year of college, I can say all of these thoughts and considerations have entered my mind repeatedly.

@Dacia Bell,I always defined my communication options with tenants and borrowers by first taking into consideration what is acceptable and admissible in a court of law in the jurisdiction where the property is located.Next consideration, many times state and local laws have defined rules for legally communicating with tenants and borrowers.I always communicate within what is acceptable by law so that should a problem later arise - and it could be years from now - every communication is within the law.I also require all communication be in written form.

You can't originate a note to pay yourself and then sell it, it's not at arm's length or a valid contract, easiest way to say it.Next, if you made a note to pay someone else, the payor, they are then a lender, but they did not give consideration for the note, again, a sham transaction.

And take the need into consideration.

They say something like sell/transfer for $10 and other valuable consideration.