Far too often people pay for education, whether it be guru programs or coaches only to never complete a single real estate transaction.

It can still go to the secondary market under applicable programs.

It appears the lender is allowing that note to remain in place as a first position, therby allowing future advances and a portion of the 350k loan be secured as a second mortgage on that property.

All that debt will be a good deal when you get to pay it back with cheaper dollars after the impending inflation from the government's policy of cheap money kicks in.When you need to buy the wife's car buy a used car for cash-- car loan rates appear cheap but they are not because you're borrowing money for an asset that looses value rapidly.

It appears you refuse to do that so all I can say is good luck in your adventures.

These threads would appear to treat 'trusts' generically, as if all are the same.

Jim Ingersoll is local to me, he is in Richmond, VA and is about to roll out a nationwide coaching program.

So I now I am trying to find other sources that are similar or the same as his program that can help guide me.

There are a lot of banks that have a variety of programs and parameters.

Does it appear to be a good deal to you if the numbers are accurate?