Comments on: An IOU's as good as cash! http://7million7years.com/2008/10/26/an-ious-as-good-as-cash/ How to make 7 million in 7 years ... Thu, 24 May 2012 09:20:05 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: AJC http://7million7years.com/2008/10/26/an-ious-as-good-as-cash/comment-page-1/#comment-1928 AJC Fri, 31 Oct 2008 02:27:23 +0000 http://7million7years.wordpress.com/?p=1113#comment-1928 @ Di - Maybe, but I wouldn't want to chance it ... I'm sure that it is a standard legal document that any real-estate attorney (practicing in the state that the property that you want to acquire is in) ... everything you wanted to know about using Notes but were too afraid to ask is answered here: http://www.amazon.com/Formulas-Wealth-Create-Fortune-Estate/dp/B000WE96ZY/ref=sr_1_6?ie=UTF8&s=books&qid=1225419957&sr=8-6 [Note: This is NOT an Affiliate Link; and there were only two USED / no NEW copies left on Amazon when I last looked ... a must have for anybody truly interested in Real-Estate investing]. @ Di – Maybe, but I wouldn’t want to chance it … I’m sure that it is a standard legal document that any real-estate attorney (practicing in the state that the property that you want to acquire is in) … everything you wanted to know about using Notes but were too afraid to ask is answered here:

http://www.amazon.com/Formulas-Wealth-Create-Fortune-Estate/dp/B000WE96ZY/ref=sr_1_6?ie=UTF8&s=books&qid=1225419957&sr=8-6

[Note: This is NOT an Affiliate Link; and there were only two USED / no NEW copies left on Amazon when I last looked ... a must have for anybody truly interested in Real-Estate investing].

]]> By: Di Eats the Elephant http://7million7years.com/2008/10/26/an-ious-as-good-as-cash/comment-page-1/#comment-1927 Di Eats the Elephant Thu, 30 Oct 2008 17:29:43 +0000 http://7million7years.wordpress.com/?p=1113#comment-1927 That sounds a lot like writing someone a "note" - which I am not familiar with, but am hearing more about as one way to make a real estate deal. The seller takes back a 'note' which is not much more than an IOU it seems. I am not sure how to make one a "legal document" or how to actually propose it to someone who knows even less about "notes" than I do. Any other comments on "notes" and other forms of "IOUs"? Would handwriting (experts' testimony) be able to transform Jim Carrey's IOU into the legal document it is? That sounds a lot like writing someone a “note” – which I am not familiar with, but am hearing more about as one way to make a real estate deal. The seller takes back a ‘note’ which is not much more than an IOU it seems. I am not sure how to make one a “legal document” or how to actually propose it to someone who knows even less about “notes” than I do. Any other comments on “notes” and other forms of “IOUs”? Would handwriting (experts’ testimony) be able to transform Jim Carrey’s IOU into the legal document it is?

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