Re: Paper and new sale to rehab investor...

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Posted by JJ-Dallas on November 26, 2002 at 03:27:07:

In Reply to: Paper and new sale to rehab investor... posted by Michael Morrongiello on November 25, 2002 at 14:07:00:

Thanks Michael for your response.

I agree with your response but someone was trying to tell me that I could create a note on a property I didn't own and maybe do a simultaneous closing to cash me and the seller out. Therefore, my buyer wouldn't have to use a hard money lender to buy from me. I guess what I would like to know will a note buyer buy a note on a property that needed rehab ? If, so what kind of discount could be expected, if this is a viable solution ?

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