Posted by John Behle on February 01, 2004 at 13:54:20:
In Reply to: Note purchase questions posted by Joe Kaiser on January 31, 2004 at 20:43:53:
I'd buy the first for control instead of paying it off. If you pay it off, it gives you a half interest in a 275k note (adding the amount advanced on to the note).
If you buy and own the first as well as having a half interest in the second, then if something went awry with the owner/partner on the note, or it didn't sell or something - then you have added recourse. You would own the first solely and could foreclose if needed.
You could also buy the second using "blog financing". Charge admission for students to follow you through on that one deal ;) Actually, a deal by deal blog is an interesting idea. Could be a teaser, primer that encourages people to sign up for the full thing. A taste test. I'm not mocking, I think the blog thing is a great idea. It's been on my mind since you started it.
My blog would just be too boring, so I'll have to leave it to the more exciting people.
- Re: Note purchase questions James Lamb 08:40:59 9/28/2004 (0)