Are there specific qualities or terms you look for that make the relationship a good fit for your investment strategy?

@Ben CallahanCheck out markets that can fit with your lifestyle, time, and energy.

Something I would recommend from experience working with people is to figure out your ideal niche and stick to that, at least just starting out.

Older properties can be picked up for < 50% of ARV and go up in value in rapid ways with urban renewal efforts … I’ve seen this happen time and time again and so it’s worth saying, diversification is ideal.

David, Send us a Private Message and we can schedule a call to see if you fit the group. 

Home 1 is ideal for a fix-and-flip loan to fund the remaining $90K, which I can help you evaluate options.

You probably don't want to live next door to tenants; ideally, they would just think you're also renters. 

Key Factors for a Good Seller-Financed DealCash Flow: Rental income should exceed monthly payments (PITI) by at least 1.25–1.5x.Purchase Price: Compare to ARV and market value for fair pricing and equity potential.Interest Rate: Aim for competitive rates; higher rates must still allow positive cash flow.Amortization/Balloon Terms: Favor longer amortization and align balloon payments with your exit strategy.Down Payment: Lower upfront costs reduce risk but should meet the seller's expectations.Flexibility: Seek no prepayment penalties and fair late-payment clauses.Property Condition: Ensure the property’s condition matches terms through inspections.Seller Motivation: Assess the seller’s willingness to negotiate favorable terms.Exit Strategy: Have a clear plan for refinancing or payoff at term end.Portfolio Fit: Ensure the deal aligns with your financial goals and risk tolerance.Vetting multiple deals and consulting professionals is crucial to making sound decisions.

How much cash is ideal to have on hand when starting out?

Loans like this can be useful or very dangerous, depending on how you manage your business.The ideal situation for a loan like this is when you have a property that will take a while to get up and running.