Don't get carried away with beautifying the place.

@Jason Toledo Many tract homes in DFW do not carry mineral rights.

If you bring it to their doorstep they may offer that downpayment so they can get in on the deal.Another option is finding a deal where the seller is willing to carry the financing themselves.

@Sarah BuchananDepending on how bad the flood was and construction of basement I'd be extra cautious on how the remediation was carried out of moving forward.

How do you plan to structure the seller carried portion of the deal?...

Rather than our own home, we do not carry mortgage on any of the rentals.We're thinking to maximize the leverage to buy more rental properties without using more cash reserve, and want to ask BP members' advice on building a bigger investment portfolio by borrowing, or should we just wait for the current inventories to appreciate instead?

In return he wants a 50/50 split and wants me to convince the seller to "carry-back" 40% and not the current 70%...

The borrower is billed for the amount that is actually borrowed plus any interest due.right of first refusalA provision in an agreement that requires the owner of a property to give another party the first opportunity to purchase or lease the property before he or she offers it for sale or lease to others.right of ingress or egressThe right to enter or leave designated premises.right of survivorshipIn joint tenancy, the right of survivors to acquire the interest of a deceased joint tenant.sale-leasebackA technique in which a seller deeds property to a buyer for a consideration, and the buyer simultaneously leases the property back to the seller.second mortgageA mortgage that has a lien position subordinate to the first mortgage.secondary marketThe buying and selling of existing mortgages, usually as part of a "pool" of mortgages.secured loanA loan that is backed by collateral.securityThe property that will be pledged as collateral for a loan.seller carry-backAn agreement in which the owner of a property provides financing, often in combination with an assumable mortgage.servicerAn organization that collects principal and interest payments from borrowers and manages borrowers' escrow accounts.

It cost money to insure, in some cases bond and carry the liability of a job taken.

Don't forget that as am employer you will also have to carry a workmans comp ploicy and that adds up to 30% of the pay you are offering.What are you goint to do when you have to task to be completed?