You issued payment and endorsed the instrument, the bank can lawfully make payment.

For a wholesaler the contract is an extreme important instrument to structure a wholesale deal.

BP has been instrumental in my process.

Most title underwriters will require a different instrument when the LLC sales because of the issues involved with a QCD. 

There is probably a "due on sale" clause in the lien instrument.

Making some plans in anticipation of retirement, and wanting to talk to a local (Oklahoma City metro area)  Certified Financial Planner that understands folks like us that choose to invest in various real estate and related instruments rather than traditional investments like stocks & bonds.

Hello all, I'm a somewhat seasoned buy and hold landlord/investor and understand (sometimes follow) the BRRRR strategy.I'm currently an employee with a W2 which has of course been instrumental over the years in helping me obtain new financing and in refinancing. 

Very high level, the key talking points are as follow:The IRA may leverage, any debt instrument must be non-recourse, meaning no personal guarantee from you.Common non-recourse lenders such as First Western Federal Savings and North American Savings Bank are fairly conservative, so be sure to check with them early to determine how much liquidity you can pull from your current property and how much you will need to keep in reserves going forward.The use of debt-financing creates exposure to a small tax on Unrelated Debt-Financed Income (UDFI). 

If you do decide to go this route make sure to have an attorney draft all the agreements and security instruments once you nail down the details. 

Additionally, any instrument that “terminates the contract” must also be recorded.You may be subject to punitive fees....