The wealth information and networking opportunities I have been able to leverage though BP has been instrumental in my REI career thus far.

The HY accounts interest income would be taxed at ordinary income (a CPA can fact check me on that), which is a higher rate but you would have less in absolute gains to get taxed on.In general, your 2007 sheet highlights the main argument for using a fixed income instrument or HY savings account over investing in an ETF/Index Fund to save.

Interesting to post that comment on this site, but RE and other means can be a great instrument to freedom.

(No leased funds or instruments allowed). 1% is allowed if it meets the minimum of $500,000 USD.For submissions where the 10% amount equals $3 million and above the process begins immediately.For submissions where the 10% amount is below $3 million down to the USD $500K minimum, submissions are stacked and require additional processing time.

IMO, the "security instrument" is a deed of trust regulated by the state, not a federal Reg.

In regards to no way for folks to have original notes or security instruments, that is a little exaggerated.

They are an instrumental tool.By working slowly and steadily with a definate business plan, everyone can do well in real estate, but I am one who truly believes that that plan is a necessity.

@Brandon HallHas been instrumental in helping me.Amanda Han and Steve Hamilton have also answered a lot of questions for a lot of people.

Since not much has been said about this portfolio lender and they have been so instrumental in starting my investing career - I wanted to write up a quick review.Some highlights about this banks residential mortgage offerings for owner occupants:-Will finance for up to 4 family properties-10% down for 3 and 4 families, and I believe 5% down for SFH and duplexes-No PMI-Low closing costs ($9.8k for our $430k)-Competitive Interest Rates (Just re-fied a couple months ago for 3.49% 30 year)-They will consider your rental income as income even prior to two years of tax returns as long as you have signed leases.Anyway before I get people too excited, they will only lend in counties that they have a branch in, below is a list:New York: Albany, Columbia, Dutchess, Greene, Montgomery, Orange, Rensselaer, Rockland, Saratoga, Schenectady, Schoharie, Ulster, Warren, Washington, WestchesterFlorida: Brevard, Charlotte, Hillsborough, Lake, Manatee, Martin, Orange, Osceola, Palm, Polk, Sarasota, Seminole, VolusiaMassachusetts: Berkshire CountyNew Jersey: Bergen CountyVermont: Bennington CountySo I was just at their Ramsey NJ branch last Friday, trying to get preapproved for our second investment property we are on the lookout for.

If other laws are not strictly followed, not only can the buyer claim the sale void, they can seek a full refund plus damages.It is highly recommend you learn more about the legal ins and outs of contract for deeds in general prior to considering using such an instrument for transferring real estate ownership.After having gained thorough general knowledge, learn the legal laws and implications in each state where you plan to use this method of transferring ownership.THIS IS CRITICAL.