Just be aware that this adds another layer of complexity, and you’ll want to check with both your lender and a real estate attorney to make sure everything is set up correctly.When it comes to terms, owner financing gives you a lot of flexibility:Interest rate: You want something attractive to the buyer but that compensates you for the risk of holding that second lien.Repayment schedule: You can choose a traditional 15- or 30-year schedule, or go with something shorter if you want to be paid off sooner.Balloon payment: Many owner-financed deals include a balloon payment, meaning the buyer pays off the remaining balance after a set period (usually 5-10 years).

@Raymond Keith WhittingtonStart real estate investing by educating yourself, setting clear goals, building a network, understanding your budget, choosing a strategy, analyzing potential deals, starting small, and learning about legal and tax planning.

Where do you live now and how did you choose those markets?

Sometime in the next month or 2 we plan to choose the exact property.Short-term goal: Buy a turnkey single family or duplex which cashflows even after accounting for management and saving for future vacancies, maintenance and capex.

Hello Bigger Pockets Community, I have been reading books and forums, watching videos, saving money, and analyzing markets over the last 2-years.

Stay on that path and you will be financially free (if you choose) within 10 - 15 years.

To begin investing in real estate, learn first, set financial goals, analyze finances, study markets, make friends in the field, get a loan, start with small properties, check all details, plan how to manage them, and choose renters carefully.

We've got some videos up on this subject and a chapter in my book speaks to it. 

This will be our first flip, so we’d love your input on a few design decisions.Siding ColorWe need to replace the vinyl siding and are torn about what color to choose.

However, not all lenders require a seasoning period, so it’s always a good idea to ask the lender upfront if they have this requirement before choosing them for your financing needs.