The IRS assumes that interest is involved, they called that imputed interest.

S/he should have 100s of programs that fit what you are looking for.

A bank can make an internal decision to prevent all deals involving an assignment.

More or less forced upon the folks who used to run general partnership programs.

I have been involved in investing for roughly 5 years.

Usually, the lawyer/title company gets involved later in the process, after the purchase contract has been agreed upon.Jon

This is going to be my first piece of investing literature recommended by my boss. ( Who is a well established REI himself) Any feedback on this program will be much appreciated.

I agree with you that you need to have tax attorneys involved in the QI you use.

Alot of newbies aren't paying attention to what is really happening, I think, as they just go about working their deals like normal and looking at comps the way the always have.All the lenders got the memo and either cancelled programs or jacked their rates a bunch at once.

(smile) Now that idea has expanded even further, I now want to be involved in Development focusing on Loft type or Manufacturing Building that can be redesigned for residential use with a twist.