@Joseph Furmansky , I have done several of these deals and am considering more, so let me explain my thoughts so you have an idea what other investors might think.First if they take their money and invest in bonds or notes or even the stock market, they are going to make a certain income, a 4% tax free municipal bond is pretty safe and has great tax advantages.Second they want their money back and a profit before they share their money.Third the more risk they take the more return they want.

Sounds like you'd like to move quickly so a couple suggestions are (1) post the details of the deal on the Deal Analysis Forum, explain the deal and solicit opinions; (2) contact a real estate attorney and get a sense of what it would cost for an attorney to represent you at closing, explain your concerns about the risks, and see what can be done to mitigate them.

I don't know how to explain this yet as the taxes in this neighborhood (which is a historic neighborhood in the middle of the city) are about $21,000 annually.

(definitely learned some good stuff though)Day 2 was 3.5 sessions of self promotion, and about 45 minutes of explaining what seller financing was a some basic, creative financing examples.Didn't return for day 3.While I didn't learn everything I wanted to, I am happy I went.

Explain what you are trying to do.Joe Gore

Matt explained it very well using good example.

I have called and attempted to explain that I am their new lender and they stated they already spoke to someone.

Could you explain what you mean in greater detail?

I may not be the next J D Rockafeller whom was BIG on people creating their own wealth by NOT following the ACCEPTED path for success.... but I have accomplished alot and dont need to explain myself to anyone.

An attorney explained that if we put the property in both our names, being also the original and same owners of the LLC, there is an exemption to the transfer tax.