The podcast have been quite instrumental as I'm starting my REI business.

Once you get more advanced you may want to cross reference land data with the recorded instruments (deeds, etc) in the county's register of deeds.From Multonomah County:6) How can I find information about my property?

Ideally, get someone from the title company to come talk about notes and deeds of trust ( security instruments) and balloons.

Having that confidence in the knowledge I have gained through conversations, reading, book recommendations and BP Podcast was instrumental.

If you get a deed and take over payments, there's no "security instrument" for the seller, unless you wrap it with another mortgage or CFD.

(5) To make, execute, acknowledge, and deliver all deeds, releases, mortgages, leases, contracts, agreements, instruments, and other obligations of whatsoever nature relating to the Trust Property, and generally to have full power to do all things and perform all acts necessary to make the instruments proper and legal

BP’s podcasts, members, forums, community, and it’s book it published @J Scott “The Book on Flipping Houses” have been instrumental for us with the building blocks of our flips.We mainly started looking and making offers on properties from the MLS, but had no success, we actually were not even close to agreeing on a price in any of the MLS deals we put offers on. 

What's really cool is your not fighting the yoke trying to hunt for instruments as you have a clear field of vision.

Now, a recorded contract (or the instrument you suggest) hopefully would keep someone from trying to pull a fast one like the person this person did.

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