Keep the multifamily investment property and start growing your real estate portfolio.I really simplified this example but the idea is still the same.

Because, my goals are much, much general and simplified.  

To simplify it down to that question:If you are using a financing contingency then yes it is.

Using the above criteria simplifies that.Seller financing is the same as bank financing etc. anyway. 

People like large multifamily because high concentration of tenants can simplify management.

Four-PlexSince all three types of properties are located in the same area I was able to put together a simplified comparison below using typical association fees, etc. for Las Vegas:Notes:1) Financing is not available for many condos.

As a result, do not compare the rates of this loan to regular loans.The formula is (simplified version):Cost of the loan (Debt Service) = $1000/moRevenue from the property = $1000/moTherefore, the Revenue / the Debt Service = $1000 / $1000 = 1.00Lenders typically like to see a 1.20 ratio or above.

The lender is usually required to report the amount of the canceled debt to you and the IRS on a Form 1099-C, Cancellation of Debt.Here’s a very simplified example.

Wow, he simplified and gave me the best ideas I have heard. after talking with him, I realized his a teacher and really listens to people.

Did I simplify this too much?