Millionaire Entrepreneur Forum - View Single Post - I Need Help!! Creative Thinkers and Problem Solvers

AroundTheWorld · Apr 15th, 2008, 10:03 AM

Here is a peek at the inner workings of my brain... lol.

Total stream of thought rambling ahead. beware.

The challenge is that we have more equity then they do....

We could carry back a note.

So....

Option 1:

We take SS plus a note of 95

Now, they have:

loan paid off
SFR and
a note to pay.

Still doesn't help them go seperate ways.

Hmmmmmm.

Option 2:

We deliver SFR free and clear.
They can sell and split proceeds.

But, if we deliver free and clear, they can't pay off the SS loan.

We could carry a note.

UG.

I know there is a solution here... I'm walkin on the edge of it... I just can't quite see it.

Apr 15th, 2008, 10:03 AM	#2 (permalink)
AroundTheWorld Level: Mindfullness Trainee Joined: Jul 2007 Locale: The Lazy Sombrero, Montana Age: 33 Posts: 2,012 Thanks: 190 Thanked 212 Times in 126 Posts	Re: I Need Help!! Creative Thinkers and Problem Solvers Here is a peek at the inner workings of my brain... lol. Total stream of thought rambling ahead. beware. The challenge is that we have more equity then they do.... We could carry back a note. So.... Option 1: We take SS plus a note of 95 Now, they have: loan paid off SFR and a note to pay. Still doesn't help them go seperate ways. Hmmmmmm. Option 2: We deliver SFR free and clear. They can sell and split proceeds. But, if we deliver free and clear, they can't pay off the SS loan. We could carry a note. UG. I know there is a solution here... I'm walkin on the edge of it... I just can't quite see it.