"Using this technique, (he) bought three townhouses, a three unit apartment building, a four unit apartment building and a farm."

It is a little more complicated than that and I am sure I missed some details.

It could be a bit more or a bit less depending on the people involved, obviously, but the 50/50 split seems to be considered fair.However, in my opinion, the way with less complications and less risk/stress for both parties is the fixed interest loan.

That also is a complicated endeavor.

I would only use this as a last technique if they get cold feet with selling.

The defendants used the double closing technique and the federal government calls it "bank fraud" and "money laundering."

I'm sure it has the potential to get complicated when multiple "sellers" have to make a decision.

I did this last year actually on a second.Another caution here, speaking of just buyer notes, as Dion like to mention "class" there is a difference between loans funded with cash and obligations as paying equities and purchasing equity notes can complicate the flavor as part may become viewed as a cash obligation to a point (when purchased at a discount) and the equity amounts of the unpaid balance.

That has significant risk but is a technique people use in cases like this.The best route is just to get a new loan.

Have closed 4 deals in the last 45 days and looking to ramp up buying machine but need a realtor that doesn't mind working with creative techniques.