Thank you kindly for taking the time to reply Nathan, I greatly appreciate your input.

She replies affirmatively.

My partner and I agreed on a promissory note that will state I will be paid all profit from prop 1 and also funds from another prop that he solely owns once it sells - what tax implications will I face here.

thanks for the reply!"

There is already a wealth of knowledge and experience amongst the people replying to your thread.

@Deneuve BrutusThank you SO MUCH for the reply, that was extremely helpful!

Thanks Wayne,im considering doing a subject to deal on this specific deal.it may still work,Once question - if i reinstate the loan and take over payments, as this was a %3 down loan, will i have to make the mortgage insurance payments as well?

After the expiration date of the loan term, I tried contacting the investor to arrange for the return of my funds, plus interest but did not get a reply.  

@Andrew Tripp thank you for the reply, that’s a lot of good info.

Thanks for all the replies.