But we do hold our featured agents and lenders to a high standard.

I will give you the numbers then tell you mu strategy idea. house purchased for 415,000 in august of 2020 at a sub 4% rate but I treat it as 4% because I am not 100% sure what the rate is (I am getting into contact with realtor soon don't worry)The house could rent for 2,500 per month at minimum and I think I could get 2600-2900 but not 100% sure.It is now on the market for 600, 000 but I think I could get it to 575 since it has been up for a couple months.well 575,000 at a 7% APR is way higher than the rent so I was thinking I could do a seller financed route.

The idea behind this is that I finance a few deals and then he eventually does everything on his own. 

Is it a good idea?

What a brilliant idea! 

Start talking to other lenders, plain and simple... you preapproval does not hold you obligated to anything.

Investment Info:Single-family residence buy & hold investment.

And doing whatever you can to cover costs make a few bucks while you hold it is just icing.

Real estate typically appreciates over time, so it's wise to hold onto investments unless you have a real reason to sell.

Investment Info:Single-family residence buy & hold investment.