My idea is to put 20% down on a $1 million property, with the remaining $800,000 paid off over 8–10 years, depending on how much yearly income the seller would want.I’ve seen a lot of discussions about using seller financing for investment properties, but not much when it comes to primary residences.

After 25 months, If they can prove that they lived in the property for two of the past five years, they can sell it as an owner-occupied residence.

Investment Info:Single-family residence buy & hold investment.

Investment Info:Single-family residence fix & flip investment in Indianapolis.

Investment Info:Single-family residence fix & flip investment.

Investment Info:Single-family residence buy & hold investment in Seminole.

Investment Info:Single-family residence buy & hold investment in Charlottesville.

This means that you will probably need to pay registration and filing fees in at least 2 states if you don’t buy CA property as a CA resident.Be sure to tell your accountant that you may now need to file non-resident income tax returns in each state where you own property as well.

Quote from @Andrew White: Investment Info:Single-family residence buy & hold investment in San Antonio.

I was preapproved with that amount before, but it was for a single family, primary residence about six months ago.