Since I am on H1B, I am planning to take any of the NNN property between 300K to 500K and pay around 50% down payment and rest on mortgage.

I run a real estate, mortgage, and insurance brokerage in LA and am always looking to connect with other investment minded individuals.

They want to sell the house because the rent doesn’t cover the monthy mortgage and they have been losing about $400 each month.

@Shiv Jey you can also ask the seller if they would carry second mortgage for the 15%.Interest only for 2-3 years. at 5%.

Auctions typically say "cash only" but what they really mean is "no conventional mortgages" (you would not be able to get a conventional mortgage on a flip house anyway).

If your lender has not already pulled your pay stubs, banks statements, W2s and tax returns - like the "instant" pre-approvals issued by Rocket Mortgage and Quicken - it's garbage.3.

Asking price: 319k Accepted offer 319k with 7k in concessions for closing.Financing: Traditional loan with a mortgage broker 5% down 95% LTV. 

You might consider teaming up with a mortgage broker to send a mailing to "Renters with high income and high Financial Stability Scores (FSS).

Historically, the S&P 500 has provided a rate of return that is likely twice what your conventional mortgage rate is.I would not consider paying off a RE investment conventional mortgage off early except to take more money out (i.e. a refinance pays off one mortgage to get replaced with a larger mortgage). 

GOALS:   I will be retiring from the fire department in about 10 years, and my primary goal in REI is to do live-in flips during that time so I can buy my retirement home with cash, or very little mortgage, and be able to live on my pension and other retirement investments.