John Behle- Do you or anyone know how to do this ?

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Posted by JJ-Dallas on November 25, 2002 at 01:29:31:

I am flipping rehab properties to other investors and someone told me about a concept I thought I understood but I can't quite figure how it all works.

I was told that you can create a note on a property that you want to flip and then find a note buyer to fund the note. Then have the investor you want to flip to pay you monthly payments plus points to get your flip fee while they fix up the property.When they finish they will cash you out. This eliminates having to go to a hard money lender and pay all the outrages points and interest. Please let me know what you think about this ? I'm not quite sure if that how its works but would like to know if this concept with creating a note can be an advantage over hard money lenders for rehab.

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