If you do the deal, ensure you have your property taxes set aside, because with seller financing there is not an impound process to handle the taxes and insurance. 

Even though buffeted by high interest rates and spiking insurance premiums, overall prices are still rising.

Critical Questions to Ask a GC To ensure you hire the right GC and avoid delays or cost overruns, ask: • Experience & Licensing: • Are you licensed and insured?

However, I believe this life-changing turn has been a blessing in disguise.In 2022, I had the opportunity to work with a skilled entrepreneur and together, we grew multiple businesses in Excavation, General Contracting, Inground Pool Installations, and Real Estate.

My monthly payments (mortgage, insurance, taxes) are roughly $3,600, leaving me netting about $4,600/month.I have four years left until military retirement, after which I’ll have a pension, some disability income, and rental income from this property.

My motivation is to increase my financial literacy and diversify into real estate.I have rented all my life and seek to become a homeowner/ investor to help my family and make their lives easier.

I poured my life saving into it and make it a duplex.

@Grace Tapfuma I have no idea how things work in Australia but if I were you in the US…Don’t sell the business.Businesses usually sell for a much lower multiple of their products income than real estate does.To be honest, you’ve built out a lot of infrastructure to create a successful business and maybe reinvesting in it would create a much better return on investment.For which you could reinvest those future profits into real estate, once you’ve scaled your business into a money making machine that isn’t so dependent upon YOU to drive the bottom line.I had a friend (38 years old) just recently sell his medical device company for $30M dollars and now he’s using this chapter of his life to passively invest in real estate ventures.Meanwhile, I’ve been toiling out here for 19 years as a real estate investor and I’ve built a portfolio worth $18M and have a net worth of $5M at 41 years old.Sometimes the grass isn’t greener on the other side.Correct me if I’m missing something!

They have the wrong equation of life and business, Money=Success=Knowledge=Qualified.

If you are setting aside funds for capex, taxes, insurance, or other expenses that don't occur monthly, transfer those funds to Savings each month and hold them there until it's time to spend them.