Is this a good decision?

[Enrique H.]

Good Afternoon,

I am asking for advice from the more experience investors.

I brought 2 rented sfr. on land contract.

 One  is worth 145k the other one is worth 125k. I negotiated the  price down to 180k for both of them with a 30k down payment.  balance is 150k  will pay them off in 8 years with an interest rate of 6.5%, my monthly payment is $1003.97 

I have a 120k available and Im thinking of asking the seller if he will take the 120k, it will save me an extra 30k plus all the interest. 

[Chris Svendsen]

I would look into turning that 120k into 4 or 5 more properties that cash flow an additional 2-2.5k a month, thats where you missing the boat.  It Will take you a 100 months to get your 120k back with just one property, more properties a fast return.  Thats just the way I look at it.