The biggest reason to carry a mortgage on any (and every?)

But I also always said the same thing- "who is buying the homes from Nicole and how long is she carrying them??"

You can also look at doing a commercial loan (5+ units)... they will sometimes allow you to have a seller carry as part of the down payment... get 70% from the primary lender (bank) and have the seller carry a 25% 2nd position note.

@James Destef for the deal I was first asking about one of my private lenders ending up carrying the whole loan for us. 

If they need cash flow, ask them to carry as much of the note as possible (up to 100%) for as long as possible. 

You can probably clear enough doing that over the next couple of months to cover the payments on the owner-carry note.By the end of the summer, if you work reasonably hard, you should have a lot worth a fair bit more than the raw land you started with.

They are "contractor grade," and both carry a ten year warranty.

It is usually to evaluate a lease/option or owner carry.

Given there will be closing costs and carrying costs, and the project would take 4-5 months to complete, do you think a 50/50 split between the builder (me!)

But the seller was firm on his price ($1.4M), yet he did agree to let me take over payments of the existing balance ($990K) and he would carry the difference with no interest or payments until I can cash him out.Upside: The seller purchased the property over 10 years ago for $1.4M and has never increased rents, fill vacancies, or off-set expenses to improve the value and Net Operating Income.Exit Strategy #1: Buy & Hold.