If you got a prom note and a TD properly written and recorded you are good to go.

type=businesscard&prom...An artist friend of mine used them and her cards were really nice quality. 

Come to think of it, I think my prom date said the same thing :). 

I'm sure you can get away with flaunting your wealth with A-B tenants.

I would absolutely stay away from any course where the instructor flaunts their "wealth" while trying to sell you on the course.  

@Juan Martinez Yes, a prom note is a good idea for both lender and borrower as it puts down rates, terms, dates, loan amount, and other loan conditions in writing formally and legally.

Flaunt whatcha got.

@Donny Widjaja  since your being asked to just loan enough money to make payments on the existing first mortgage . you would simply be doing a unsecured Promissory note.Although not tagged to a property there is no defense for non payment and a judgement is easily gotten ... caveat is that this person actually has some assets which sounds like he probably does not since he needs to borrow from you to make payments .unsecured prom notes to a very qualified a borrower are fine.. second loans behind construction loans are not are not advisable in any scenario and can very well be a event of default on the first loan.

These were recorded by the local municipality initiated by the lender and I was sent copies after the recording.This is a definition snippet of steps when paying off a mortgage and how to mark paid in full on a promissory note that I found (full text here) http://smallbusiness.chron.com/mark-paid-full-prom...Step5 - Mail the original promissory note to the borrower.

Michael is unethical and dishonest, end of story.Please see this thread to assuage any doubts as to this reality:https://www.biggerpockets.com/...Few things in this world upset me more than scammers, thieves, and liars; especially ones who flaunt their self-proclaimed piety to extent that Michael repeatedly has on his podcast.Micahel is a con.