Registration is now open for our Wholesaling and Fix & Flip Bootcamps. Register Now!

Hide this

Forum Rules · Advanced Forum Search

Jump to Category View All

Click a category below to view different forum categories.

BiggerPockets

General Info

Rss10 BiggerPockets Q&A, Site Questions, & Announcements

964 topics, 7692 posts — Last Post 02/09/12, 05:05AM

Rss10 BiggerPockets Exclusive PRO Area

10 topics, 73 posts — Last Post 02/06/12, 09:15PM

Rss10 New Member Introductions

4490 topics, 25666 posts — Last Post 02/11/12, 10:08AM

Rss10 BiggerPockets Success Stories

142 topics, 1632 posts — Last Post 01/28/12, 09:34AM

Rss10 BiggerPockets Real Estate Investing Summit

16 topics, 560 posts — Last Post 02/10/12, 04:23PM

General Real Estate

General Real Estate

Rss10 Buying Real Estate

1195 topics, 9025 posts — Last Post 02/11/12, 10:36AM

Rss10 Selling Real Estate

303 topics, 2364 posts — Last Post 02/10/12, 10:05AM

Rss10 Renters

189 topics, 1529 posts — Last Post 12/28/11, 05:55AM

Rss10 Get Foreclosure Help - Help Stop Foreclosure Forum

218 topics, 1728 posts — Last Post 02/02/12, 10:07PM

Rss10 Home Owner Association (HOA) Issues & Problems Forum

105 topics, 662 posts — Last Post 02/09/12, 09:42AM

Rss10 Do it Yourself

312 topics, 2699 posts — Last Post 02/09/12, 07:25PM

Reviews & Feedback

Rss10 Real Estate Deal Analysis and Advice

1555 topics, 12281 posts — Last Post 02/11/12, 10:34AM

Rss10 Real Estate Guru, Book & Course Reviews and Discussions

677 topics, 6769 posts — Last Post 02/11/12, 09:59AM

Rss10 Ask About A Real Estate Company

309 topics, 4634 posts — Last Post 02/10/12, 03:12PM

Real Estate Investing

Real Estate Strategies

Rss10 Wholesaling

2406 topics, 18098 posts — Last Post 02/10/12, 10:20PM

Rss10 Rehabbing and House Flipping

1478 topics, 12679 posts — Last Post 02/09/12, 11:27AM

Rss10 Real Estate Development

190 topics, 1025 posts — Last Post 02/10/12, 10:14AM

Rss10 Pre-Construction & New Home Construction

85 topics, 530 posts — Last Post 01/10/12, 07:04PM

Rss10 Innovative Strategies

328 topics, 2306 posts — Last Post 02/11/12, 09:59AM

Rss10 Tax Liens, Notes, Paper, & Cash Flows Discussion

435 topics, 2411 posts — Last Post 02/10/12, 02:29AM

Rss10 Rent to Own a.k.a. Lease Purchase, Lease Options

341 topics, 2086 posts — Last Post 02/07/12, 07:38PM

Rss10 1031 Exchanges

58 topics, 316 posts — Last Post 12/17/11, 05:10PM

Foreclosure Investing

Rss10 General Foreclosure & Pre-Foreclosure Forums

1096 topics, 6537 posts — Last Post 02/10/12, 11:07AM

Rss10 HUD, VA, and Tax Sales

197 topics, 1221 posts — Last Post 02/10/12, 12:34PM

Rss10 REOs

922 topics, 7648 posts — Last Post 02/11/12, 10:11AM

Rss10 Short Sales

1221 topics, 10052 posts — Last Post 02/11/12, 10:07AM

Landlord & Tenant Forums

Rss10 Rental Property Questions & Landlording Issues

2940 topics, 26276 posts — Last Post 02/11/12, 06:44AM

Rss10 Land & Farm Investing

116 topics, 728 posts — Last Post 01/29/12, 06:46PM

Rss10 Mobile Homes & Mobile Home Park Investing

392 topics, 2865 posts — Last Post 02/11/12, 11:00AM

Real Estate Dealmaking

Rss10 Make Deals, Find Partners, Mentors & BirdDogs, etc.

3648 topics, 13401 posts — Last Post 02/10/12, 09:40AM

Rss10 Promote Your Real Estate Buyer's List

152 topics, 669 posts — Last Post 01/23/12, 12:35PM

Rss10 Property Wanted

626 topics, 3019 posts — Last Post 01/19/12, 02:47PM

Rss10 Seeking Financing, Money, or Loans

1218 topics, 7344 posts — Last Post 02/03/12, 11:21PM

Rss10 Tax Liens, Notes, Paper, & Cash Flows Dealmaking

273 topics, 1990 posts — Last Post 02/10/12, 02:30AM

Rss10 Bulk REO Discussion and REO Dealmaking

845 topics, 5917 posts — Last Post 02/02/12, 04:20PM

Investor Basics

Rss10 Starting Out

4060 topics, 29633 posts — Last Post 02/11/12, 07:38AM

Rss10 Investor Psychology

289 topics, 4281 posts — Last Post 01/26/12, 07:52PM

Rss10 General Real Estate Investing

3057 topics, 20771 posts — Last Post 02/10/12, 12:54PM

Rss10 Real Estate Investor Marketing

868 topics, 7051 posts — Last Post 02/11/12, 04:09AM

Commercial Real Estate

Rss10 Commercial Real Estate Investing Forum

718 topics, 3839 posts — Last Post 02/10/12, 09:28PM

Rss10 Multi-Family and Apartment Investing

141 topics, 1347 posts — Last Post 02/07/12, 05:47AM

Rss10 Office Investing

3 topics, 36 posts — Last Post 11/15/11, 02:42PM

Rss10 Industrial Property Investing

3 topics, 12 posts — Last Post 07/05/11, 10:41AM

Rss10 Retail Property Investing

6 topics, 42 posts — Last Post 02/10/12, 10:19AM

Rss10 CRE Financing and Lending

17 topics, 188 posts — Last Post 01/26/12, 05:55PM

Rss10 CRE Syndication and Fundraising

25 topics, 208 posts — Last Post 02/10/12, 12:57PM

Rss10 CRE Property Management & Leasing

2 topics, 11 posts — Last Post 12/11/11, 05:05PM

The Business of Real Estate

Real Estate Technology and the Internet

Rss10 Technology, Social Media, Real Estate & The Web

244 topics, 2018 posts — Last Post 02/11/12, 06:20AM

Rss10 Real Estate Blogs & Blogging

23 topics, 278 posts — Last Post 02/10/12, 11:01AM

Business Basics

Rss10 Goals, Business Plans & Entities

400 topics, 3913 posts — Last Post 02/10/12, 07:12PM

Real Estate Finance & Legal

Financial, Tax, and Legal

Rss10 Tax, Legal Issues, Contracts, Self-Directed IRA

1210 topics, 8253 posts — Last Post 02/11/12, 09:07AM

Rss10 Credit & Credit Repair

177 topics, 1444 posts — Last Post 01/25/12, 06:56AM

Rss10 Property Insurance

117 topics, 753 posts — Last Post 02/10/12, 11:33PM

Rss10 Bankruptcy

21 topics, 110 posts — Last Post 12/09/11, 10:01AM

Loans, Mortgages, Credit Lines

Rss10 Private & Conventional Lending Discussion

1245 topics, 7164 posts — Last Post 02/11/12, 11:16AM

Rss10 Creative Real Estate Financing

623 topics, 3989 posts — Last Post 01/30/12, 05:35PM

Real Estate Professionals

Real Estate Professionals

Rss10 Real Estate Agents

611 topics, 3290 posts — Last Post 02/09/12, 06:32PM

Rss10 Bankers, Lenders, and Mortgage Brokers

351 topics, 1252 posts — Last Post 02/03/12, 06:47AM

Rss10 Contractors

117 topics, 626 posts — Last Post 02/08/12, 10:17AM

Local Real Estate

International Real Estate

Local Real Estate

Rss10 Local Real Estate Networking

573 topics, 3013 posts — Last Post 02/07/12, 04:58PM

Rss10 Americans & International Real Estate

138 topics, 499 posts — Last Post 12/24/11, 07:44AM

Rss10 Foreigners Buying in the USA

54 topics, 281 posts — Last Post 01/18/12, 09:33PM

Rss10 Canadian Real Estate

25 topics, 117 posts — Last Post 02/06/12, 05:17PM

Marketplace

Real Estate Marketplace

Rss10 Mortgages & Lending

388 topics, 1730 posts — Last Post 01/23/12, 02:23PM

Rss10 Residential Property, Land, & Farms For Sale

756 topics, 1414 posts — Last Post 12/26/11, 01:22PM

Rss10 Real Estate Events & Happenings

113 topics, 453 posts — Last Post 01/11/12, 05:36PM

Rss10 Commercial Properties for Sale or Lease

223 topics, 668 posts — Last Post 02/10/12, 10:59AM

Rss10 Domains & Website Reviews

44 topics, 334 posts — Last Post 11/15/11, 09:55AM

Rss10 Classifieds - Promote your Website, Newsletter, or Product

582 topics, 2646 posts — Last Post 02/10/12, 04:56PM

Off-Topic

Off Topic

Rss10 Off-Topic

1769 topics, 18866 posts — Last Post 02/11/12, 08:42AM

Rss10 Housing News & Real Estate Market

647 topics, 6308 posts — Last Post 02/09/12, 08:59AM

BiggerPockets Resources

Forums » Seeking Financing, Money, or Loans » Private Money 2 Questions

Private Money 2 Questions Subscribe to Private Money 2 Questions

2 posts by 2 users

Signup

Scott Conner

· Wabash, Indiana


Forum_avatar_avatar-scotty69

Icon_minipost Aug 12 '09, 10:33 AM

To secure a private money investors money with a mortgage on a house do you need an attorney or can this all be handled with a title company? I am in Indiana if that makes a difference.

If you have a mortgage with a private investor does that count towards a mortgage deduction on your property taxes in Indiana?

Thanks,
Scott

Edited: 06/26/2010 at 09:20AM


Scott M.

Real Estate Investor · Rochester Hills, Michigan


Forum_avatar_avatar-scottmac

Icon_minipost Aug 12 '09, 10:40 AM

Since it is private money there are no set rules - you - or they make them up.

Generally I would use an attorney to look over the doc's or create any necessary doc's and then close with a title company - but if the private lender was a buddy or friend or someone I have used a lot in the past then frankly we use neither and just close it over lunch.

So no set rules but the lender may have a preference.

Edited: 06/26/2010 at 09:20AM


Sign up