I bought a triplex in 5/18 and now I'm buying another SFR, in a different area, and expect to close on it in 8/18.So far, I've been using my cash for the down payments.

(Sold a business and have high income this year)  We agreed on: 5% P&I, 10Y Balloon, and 25y Amort.My Questions is: What if I suggest to him that we do SAME Amount of PAYMENTS BUT principle reduction payments and Not have interest component. this way i pay the property off faster.

We were looking at using $40k to buy the first house (down payment, closing, repairs, etc).

Their ages are 59 and 63.The p&i payment is roughly $1,000 per month on their first mortgage.

You may want to save up for a few months to make sure you can cover the HELOC payments and go from there.

Now obviously this is unlikely in today’s market but that’s how it would work.As the private lender I’d charge 2-3 points and 10 percent interest, amortize over say 20 years and balloon payment at 1 year.Put the mortgage on record and away you go

Home storage has gotten a good bit of negative press and opinion lately, and, of course, the IRC section 4975 text about "providing services" for your IRA assets is something about which you may want to consult with your legal team. 

If not, you will need to our higher down payment

Hi my fiancé and I have about $30k for a down payment on a home.

I will be able to get this because the potential client CAN NOT qualify for a loan but has sufficient income to pay the new payment which will be $1,100 per month.