I'm looking to purchase 1.9 acres in the greater Phoenix area.  Seller-financing is the only option for me as my income is through my LLC which isn't older than two years.  The seller is asking for $40,000 down which ...

Hope this is the right forum category. Hope everyone is having a fantastic weekend so far!My question is, would you go out and bother to learn note investing, ie. read a lot for 6 months, talk with note investors, etc...

Hello I'm hoping to get some insight on if this deal structure makes sense. I've bought properties before via "Subject-To" but I've never done a novation or a land contract. Deal DetailsI have some sellers who are fal...

Hi Guys, I live in Pennsylvania and wish to begin marketing to motivated sellers for mostly wholesaling/lease-options/seller financing etc... I want to discuss the transfer tax.  In PA transfer tax is usually paid as ...

Hi Guys,First wanted to say, I have this question with my attorney but wanted to pose the question to BP as well. Thanks!!Looking at an asset in Florida that has a large city lien on the property and an equitable lien...

Hello,I have a question about the actual execution of a double closing. I understand that you will be on the chain of title for a few hours after buying the property before the selling happens later in the day, but do...

For tax filing, where would expenses associated with a wraparound mortgage be reported? On Schedule A? Some examples would be interest paid to the underlying lender, note processing fees etc.

Thanks,
Angie

I have an inherited tenant who would like to make bi-weekly payments. It would be something I am interested in doing namely because after a year, she will have paid an additional month's rent (26 payments/2 = 13).Howe...

I am looking for Some help in regards to sending out some letters to homes in my area that are in “Pre-Forclosure” or “Bankruptcy” status.  I’m not quite sure what to say without coming across to the owners as greedy ...

Hello BiggerPockets forum , I need help understanding rent to own. I found a nice two bedroom cape cod style home that I would love to live in with my family. Only thing is my credit isn't the best and I am aware of t...