BP was instrumental in making great contacts to get my business up and running.

You could take the money you're using to prepay the mortgage and buy other financial instruments with greater liquidity and higher yields.  

Alabama uses an instrument called a mortgage, but it legally transfers title immediately to the lender.

Your personal guarantee of that debt instrument in a transaction where the IRA has involvement would be very risky.Our firm's approach to such JV transactions is one of caution.  

The BP forums alone have been instrumental in answering most of my questions, however I feel like I've gotten to a point where I need to start asking for answers rather than searching for them.

If you have a title company that is investor-focused (or supportive), and owned by an attorney (or at least has good relationships with a law office) then you should have a helpful guide to generate the debt instruments needed. 

Each state has its own terminology, but recording a release, termination or reconveyance of the mortgage instrument should be effective.  

Hi all,I'm trying to dive into real estate wholesaling and would like to learn how to develop the instrumental skill of estimating rehab costs.

If for some reason he doesn't want to comply, you would be forced to foreclose on him.In this setting an installment contract, where you hold the deed until you are paid in full is probably the safer instrument or a lease option.  

Jay spent 30 minutes on the phone with me about a year ago and it was instrumental to keeping me out of some really bad deals.