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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: investor priority Posted by BrianH on January 26, 2010 at 6:13 PM In Reply to: Re: investor priority posted by George in NorCal on January 26, 2010 at 3:20 PM With my partners the way we work it is that I establish a bank account under my companies name that is solely for that partners funds. We then do an un-secured promissory note and the money is wired into this account. Once a home is acquired I immediately record a deed of trust against the property for the total amount of money in the account. Once the house sells we do another un-secured promissory note until a new property is acquired. That way I don't have to call anyone when something pops up. Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : With my partners the way we work it is that I establish a bank account under my companies name that is solely for that partners funds. We then do an un-secured promissory note and the money is wired into this account. Once a home is acquired I immediately record a deed of trust against the property for the total amount of money in the account. Once the house sells we do another un-secured promissory note until a new property is acquired. That way I don't have to call anyone when something pops up. [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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