Once upon a time I was a loan officer. I leveraged that knowledge into buying properties. All Lenders speak their own language, but they have two things in common 1.) They want to be paid on time 2.) They don't want t...

This is a follow-up to my recent post about IRA audit myths. In this long sequel, I will discuss hiring audit and "IRS audit insurance."
1. DIY IRS audits.
Can you defend yourself against an IRS audit without hired ...

Ok, so I am thinking of seller financing a home and it was advised I offer a certain % down and approach the seller about a 5 or 7 year balloon mortgage. I would make payments every month to the seller and at the 5 or...

I am new to real estate investing and just started doing my research to educate myself. Could someone explain to me what Ebbs is?  

I'm new to BP Pro in last month, though a largely inactive member over three years. I've really wanted to do REI since about 2003. As a substitute I got licensed and have been an agent since 2003, listing for 5 years,...

When wholesaling, how do you explain to a seller that you are not going to be the one purchasing the property?

I'll be doing my first bidding soon but I want to under stand this fully so I know what I'm looking. Let's say I'm looking at the sheriff sale listings and I see something I'm interested in.Ex.Full Notice2. Encore Pro...

From what I (think I) know, Tennessee is one of 5 states that have Redeemable Tax Deed sales. It looks like to me, that the winning bid is the highest amount of money which needs to be paid within 5 business days. The...

Hello BP Community,I am blown away with an experience that is playing out right now, in regards to the tax sale that just took place in Jefferson County, Alabama. My hope is, I have been clear enough with this post th...

I was reading an interesting blog 
https://www.biggerpockets.com/...
written by Brandon Turner but I did not understand couple of things from this blog which was =

1. How is our loan for $63,500 after paying 20% ...