Traditionally telling a seller they will receive all cash has just meant they will be getting all cash at the close of escrow, just cash, nothing else.

That way if your friend loves the house and wants to stay long term you can get your money out.I would recommend getting a price that works for traditional financing for your friend and using owner financing if the owner is a little more flexible - or lower but reasonable rate.

But don't discount the opportunities also to either convert investment property to primary residence or to simply  use the deferred tax dollars for your own returns throughout your living life.The primary residence conversion benefit has received a hair cut in recent years but there is still significant opportunity to eliminate a lot of tax in that method.Doing an amortization can show you the benefit of keeping the tax and using it for your benefit in the same manner as a traditional IRA lets you compound your return pretax using the tax dollars.  

)In my situation, there are  no partners and I am thinking that it is not applicable.Thanks to all the BP experts, Rich :)

Other than the monthly RICH Club meeting, Jet's is probably the largest REI meeting in Houston. 

However, you would have to pay taxes later if it is a traditional IRA.

@Rich MerlinoJeffrey Taylor aka Mr.

Have you read Rich Dad Poor Dad in the whole rich dad series there are many valuable books that will fast forward your real estate investing career.

Scott's book on flipping houses and he specifically speaks to this as being something lacking with most traditional Realtors.  

Plus, I'm just not thrilled about forking out 20% when I would rather put that money to work for me elsewhere and opt for a 5-10 percent down payment.So in the simplest terms, if one uses math and logic, we clearly have the means to afford the house, but with traditional financing, the 20 percent will be a bit of a stretch for us.