In addition to down payment you need reserves which is 12 times or 24 multiplied by all you debt.

I’ve used seller financing as both a buyer and a seller and it can make a lot of sense in certain circumstances (for example I used it as a buyer when I reached the maximum number of conventional loans I could get, and I’ve used it as a seller to both increase my net proceeds (due to collecting interest as “the bank” in addition to the sales proceeds) and to lessen my capital gains tax hit by spreading it out over a few years).

I'm out in Denver but have family in NC and from what I've seen it seems like a fantastic market.In addition, if you house hack there are programs like NACA that will help you qualify. 

If you need help with funding or additional guidance at any stage, feel free to reach out.Best,Drago

This will be the key to achieving your goals.Thanks, that information is really valuable.

You may even be able to fill additional rooms if the potential resident knows others who are traveling to your area.3.

Rates are pretty high (12-15% with an additional 5% of the loan paid at maturity).

Anywhere in the world.Purchasing a property in Mexico was a long, yet valuable experience because of what you learn in the process.Now we are acquiring more in Mexico because of the value you can purchase for and the income that can be generated.

I also use business lines of credit from banks, but for this banks definitely want to see revenue (usually 5-10x the amount of a mine they will give you).It is important to remember though that just because these lines and CCs are not immediately reported on your personal credit report, if you miss payments or default you are personally liable and the debtors will add it to your personal credit report.

I can't remember exactly, but I believe the main ones had to do with additional parking restrictions and water.