Seller Financing????

[Brandon R]

Hello Everyone,

I have been searching and searching for investing advice and finally I found this forum.. I am so excited. :D

I have been investing for a little over a year now and have purchased 6 properties. I have sold a few on contract and rent a few. So here is my question...

Is it ok to cash out at 80% loan to value before I sell on contract? Is this a good strategy? Or should I focus on a smaller %? My main goal when starting with little money was to do this to get back my down pymt while increasing monthly income so I can buy again. Then after doing the math it seemed safe to cash out higher because the payment I was receiving would still give my $100 per month after all is paid. I also require a 10% down pymnt and application when I do owner financing.

I have a great relationship with my banker and I just wasn't sure how this looked. Is this ok to do??????

Thank you for your advice