Do you necessarily need a promissory note if you file a mortgage? Say for example, I lend someone $5,000 on a free & clear house (listed for sale with a Realtor) and file a mortgage for $10,000 once the house sel...

I'm purchasing a junior non-performing mortgage behind a performing first mortgage secured by a home in Massachusetts.  There is an IRS lien that was recorded after the second mortgage was recorded.  Is it senior to t...

Whats the going interest rate range? for performing secured notes in 1st positon? with at least 75 percent equity cushion.Aside for creating notes yourself. ( which has some limits due to Dodge Frank) what are some go...

Hi everyone,

I rarely post but have read a ton from the forum. According to Bryan we're called "lurkers." I have a question about the plausibility of investing in limited partnership shares or LLC's.

Just to give y...

Hello BP Family,I'm trying to close on a deal in Fairfield California before the primary mortgage holder forecloses on the property sometime next month. I'm able to offer about $25k more than the payoff from the prima...

Back in June I have received a security deposit and in July first month payment for a lease starting on August 1 move in date. On August 1 I was informed by the tenant she is breaking the lease due to some family issu...

Hi;Just reaching out to gauge how others view this. Should security deposits be looked upon and considered as income? Then when the lease ends those funds returned are then considered a payout? Any insights? Thank you...

Hi BP, just trying to get my ducks in a row, so far, I have just broken ground to residential market. I am exposed to government and commercial tenant improvements or construction, where we are to perform then get pai...

When a seller signs a purchase and sale agreement are the still able to back out of a transaction. For example, if I were a wholesaler and I came to an agreement with the seller on a price and secured the contract, ca...

Hi everyone,I have not seen it anywhere on the internet, but my tenant is requesting to be present for the final inspection before she moves out of the unit. Does anyone know if she has a right in Ohio to be present a...