If i pay cash, let say a small home 35k, will i get any tax advantage?

You'd be okay if the scenario was say, a multi-family property and you chose to occupy one of the units.

If you came to me and agreed to pay me x amount of dollars per month for my property I would give it to you on a land contract with say a 10 year balloon and let you do what you need to with it.

And it really helps for renters or buyers to walk in after seeing a bunch of dated gross properties and say “WOW!

Say a property goes to foreclosure auction, the lender in second place is foreclosing on a $150K loan.

Not sure where you got your Mortgage figure from, but the BP mortgage calculator say a mortgage of 24500 for 30 years at 7% would be 162.99 and that is without any tax or insurance allotment in the mortgage.

That said, I have a passion for real estate and want to build a very successful real estate empire but as they say “Rome wasn’t built in a dayâ€, but I will get there I have no doubt about that!

You can go to a portfolio lender, they can make you a purchase money loan at 100% of the purchase price by applying an amount that would be say a 25% down payment on your existing property and 75% on the purchased property.

Let me just say as a VETERAN of conflicts ... 2.

A hard money lender saying to split the profits if u come up with 2500...sounds like a sad deal, the reason u go to them is to borrow money not make them money, to pay them back with some interest & u make money off it.I wud decline that but I wud be interested to hear what others have to say as I havent go that far yet, but purely based on knowledge I wud keep looking!