I borrowed money from a relative to fund the down payment on my first investment (a duplex).  I would like to set up a promissory note with this person and record a second mortgage on the property.  How do I proceed? ...

Investment Info:

Mobile home fix & flip investment.

Purchase price: $64,300

Cash invested: $37,000

Sale price: $149,000

$112K total funds invested plus some personal sweat.

How did ...

Are we allowed to pay off mortgages with our business account(S-Corps) if we transferred the funds to our personal account? Both are under the same revocable trust account. I have called everyone including the IRS in ...

So my wife and I are buying our first rental. We live in Oregon and the real estate prices are so high that we would need an extremely large downpayment in order to get our payments down to the point of making 2X our ...

This post serves as a detailed reference point—a compendium of real estate knowledge that delves into the fundamental aspects of this dynamic field.
1031 Exchange: A tax-deferred exchange allowing the sale of one pro...

Hello again to all of the BP nation,An Alaskan investor here looking for your input and advise. To bring you up to speed on our situation here, Alaska is very much a “one horse” economy: OIL. Now we also have tourism,...

I’m 26 and I’m all about personal finance and investing. I have a good amount of money that invest in stocks and I also max out my Roth ira every year. My job provides a pension and annuity for retirement so this woul...

I have been seening alot of post of how to do double close in CA.

YOU CANNOT OR YOU WILL BE IN JAIL

Detectives label this transaction as "you a perpitraitor". You will be in p...

Just a simple question hoping for some creative answers. Thanks. 

Hello BP,I am fairly new to REI and was wondering if you can wholesale a deal that you win at the courthouse steps? If so, how would I go about doing this?So if I place the highest bid at an auction and they have said...