Property appraises for $200,000 and seller nees ou so agrees to sell for $150,000
Investor A signs an “and/or assigns” contract for $150,000
Investor A assigns contract to Investor B for $200,000 and has seller sign a promisary note for difference of $50,000
Investor B signs contract with seller for $200,000
Investor B receives downpayment from Investor A and they sign a contract where the sales price equals $200,000 plus downpayment and Investor A and Investor B sign a wrap-around mortgage for that amount
Investor B makes monthly payment to the mortgage company
Invesstor B receives monthly payment from Investor A