The bank will sell notes to other banks, mortgage companies, dealers and those who hold the proper license in a mortgage industry activity, just not to Joe.

That’s an incredible deal—congratulations on securing 100% seller financing!

And I STILL have a ways to go to get my first social security check at 62.  ;-)  I have 8 SFR, all in A- to A areas.  

But after an exchange - sign the purchase documents with one pen and pick up another pen to sign the refi docs :)Another strategy you could consider is reinvesting into multiple properties, where you purchase the first property cash (ensures some security and concentrates the equity) and the second property with a mortgage.

I dont allow tenants to move in without first month rent and security deposit paid by cashier check .

Quote from @Kevin Rodriguez: After numerous unsuccessful attempts to secure a deal to cohost, I’ve decided to adopt a new strategy.

More people see your property, the higher likely hood of securing a tenant in a quick amount of time (all things equal).

I have a clause in the lease that says the security deposit will be held in so and so bank with so and so address and interest rate will be xyz.

The seller was motivated to close fast, allowing us to secure the deal and set the stage for a profitable resale.

Before you know it, the whole portfolio is paid off by age 65-70, and you’ve got financial freedom without relying on Social Security.