If however this is someone worth millions with a personal guarantee who just wants to limit cash down then their might be more security behind the second.Step 4 will the borrower cross collateralize the second note?

This is a unique transaction in that it is a portfolio of residential units instead of on commercial property.

I will begin to look into transactional funding, after just a brief search most transactional lenders want the B+C side to close on the  property same day.

Hello everyone, I would like to obtain my first rental property next year  (fingers crossed).I currently own a home 100 % clear (worth approximately 160k) and would like to use the equity to fund the down payment for the second property. 

All transactions are managed through a licensed title agent.

I dont know much about teams but I would guess they split commission's , I dont see why they would want to do that after the broker split unless its a big transaction or high amount of closings

Can you give an insight/ details of how the transaction went?

And all transaction fees are negotiable by any party

Cross my fingers I don't have any of those yet (though I'm sure I will at some point!)

One week before the closing we all realized there was no way that we could have moved forward with the transaction because it was too risky.We had no choice but to go back to the seller and renegotiate the purchase price.