Can I use NOTES to do this???

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Posted by Eric_D on April 04, 2003 at 18:03:08:
Greetings Room,
Hopefully some of you can set me straight. I know about discounting mortgages from reading Jimmy Napiers stuff a few years back. My question is this... Can I use notes to buy property?
Example: motivated seller calls me...I do my due diligence on the propert and then make the seller a cash offer at 75% of prop value. Then create a note on this same property that would be sold to generate the cash to give to the seller? Is this possible or feasible? And if so, is this type of stuff covered in the 5 day video course?
Thanks In Advance,
Eric

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Re: Can I use NOTES to do this??? Benjamin Heward 20:45:13 8/17/2003 (0)

Use what you WANT, to get what you NEED, to get what you WANT.... Michael Morrongiello 12:58:06 4/05/2003 (0)

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