Since financing might be tricky, you may also want to explore DSCR loans or creative financing options.

There is also a ton of different financing strategies available other than your conventional mortgages.

If you ever need financing options for expanding your portfolio, whether for rentals or value-add investments, I’d be happy to help.

(Social security, pension, 401k, etc)It is hard to retire on $350,000 of net worth.Even if that is generating 10% cash flow, you are talking maybe $35,000 which is $17,500 for each person.I personally like the idea of seller financing a home at that point, potentially exclude the gain on sale if it was their personal residence and get a nice interest return.If the house is big, it also allows them to downsize the home when they look for something to rent.

After you get that first one, I would start looking for BRRRR strategy, and if you have time to market direct to seller you can try to negociate seller financing and sub to deals. 

Given that the seller is financing the deal for the 2 years and then the plan is to re-finance it with a bank, I am having difficulty producing such financial analysis.

Traditional MLS How did you finance this deal?

I also want to hear from those of you who have transitioned out of a full time job by doing out of state investments/creative finance - how long did it take you to transition out?

I was going to bring up that the seller financing doesn’t matter if you plan to get a construction loan as the seller financing will have to be paid off. 

Have these guys ever heard of Quicken or any of the online personal finance programs available to track spending?