Cash is king and I see people make money on a deal and buy a car or spend it on their lifestyle - I did the opposite.

DEAL BREAKDOWNEMD: $50,000Sub-To (with a 3-year balloon): Mortgage takeover is $5,900/month.Purchase Price: Agreed upon variable price for 3 year period.

What made you interested in investing in this type of deal?

The tax advantages of buying/holding gas stations are pretty great.Many of the components of gas stations including pumps, tanks, external parking areas, and other equipment are classified as either 5 or 15 year property so you can bonus depreciate a lot of it (minus the land value) and get significant deductions in year 1.With the current bonus depreciation rate at 60%, a $1 million gas station acquisition could still lead to $100K+ in year 1 deductions depending on the specifics of your deal.

Pros for new construction:Lowest insurance premium, in FL is a big deal.

Renting allowed them to cover costs and build equity, while selling in a hot market helped them capitalize on the home’s increased value.Let me know if you’re interested in financing options for similar deals, happy to assist!

Does anyone know what kind of lender willing to offer financing with 10% down for this type of deal?

For bigger deals, it’s always a good idea to set up a new entity, like a special purpose vehicle (SPV).

We've previously done one contract-for-deed deal together.Any advice is appreciated!

If I were you I would pay down my Debt, join your local real estate Club, learn how to search for deals and wholesale, and then start buying once you have built up enough cash Reserves