My partner and I are the creative investors that can guarantee we will put in the sweat equity to ensure a successful relationship. 

I financed this deal on a 30yr conventional loan and I put 11,000 down with a 6.625% interest rate.

Preforeclosure owner finance wrap, paid off the default payments and taxes with cash and assumed the owners loan.

I know how to use the basic features of QBO, as I do my own expense tracking, but my Bookkeeper is needed for the more complex entries (Loans, capital balances, reconciliation, data entry from PM monthly statements.)I spend almost 8k per year in QBO and Bookkeeping costs (Not including my accountant or tax prep.)

We split mortgage and are both on the loan and title. 

Love to keep relator out of it, but may need realtor to find a next deal for me as a duplex up to 4 plex on VA loan/owner occupy.

I'm not sure I can copy and paste my Excel spreadsheet, so i will approximate the numbers here.Strategy:Take a Home Equity Loan (second) on our primary @ 5%.Pay off existing HELOC (variable, at 7.5% now), use remainder ($120k) to buy the land (plus 30k of our own cash).

Preforeclosure owner finance wrap, paid off the default payments and taxes with cash and assumed the owners loan.

Some have more than $1 million in equity while others have less.4.

Lenders dont allow seller carry back and NO cash equity..