Mentoring and Advice

[Jonathan Worrell]

Hi everyone, I’m a Canadian that relocated to Texas and currently own two properties outright (no mortgages or loans). I’m looking to expand my portfolio more quickly and am particularly interested in trying seller financing as a strategy. I’d love advice on leveraging my existing assets, navigating seller finance deals, or other tips for scaling effectively. Thanks in advance for your guidance!

[Jason Wray]

Jonathan,

First off I would ask "Why Seller Financing"? If you own (2) properties free and clear you could simply do a cash out refinance. If you are worried about transition from Canada to US you can use a DSCR loan program. That does not require employment or job seasoning instead it uses the rents to qualify and you can take out up to 80% LTV cash.

Use the cash to put down on the next 1-2 or more properties as long as the other properties are debt servicing themselves it opens up more opportuities to buy more future assets and increase your passice income.  

Even as a Foregin National you can still take out up to 75% Cash out depending on your citizenship. Feel free to reach out if you have any questions I am always happy to help and talk REI!