Some terms you may find helpful:Repayment Schedule: Clearly outline the payment schedule (monthly, quarterly, etc.).Balloon Payment: If applicable, specify the amount and due date of any balloon payment.Prepayment Penalty: State if there’s a penalty for paying off the loan early.Default Terms: Clearly define what constitutes a default and the consequences, such as foreclosure procedures.Insurance Requirements: Ensure the buyer maintains property insurance.Maintenance Responsibilities: Clarify that the buyer is responsible for property maintenance and repairs.I hope this helps you out, have a great day!

The Small Business Administration (SBA) defines Business Credit:Access to cash and credit is a business’s lifeline. Business credit allows a company to borrow money that can be used to purchase products or services. I...

My original intention was to flip the property and use the proceeds to help purchase a small multi-family home but am now considering holding the Single Family property as a rental.  

My contractor initially laughed at me, then found it was helpful when he used it.

Then they help analyze the purchase deal when it arrives from the solar companies.

This helps them beat the competition. 

Plus, keeping it as a rental helps you avoid any potential loan fraud issues—something worth considering based on your risk tolerance.The new house could be great for personal reasons, being closer to your parents, but with a higher rate and payment, the financials aren’t as sweet.

For me, what helped was realizing that no matter how much I researched, there would always be some level of uncertainty.

It will help you analyze and compare returns, length of stay/occupation, equity accumulation, rent growth and more.

You get a place to live in yourself, tenants/roommates pay your mortgage and help you build equity, and you can purchase it as a primary residence and potentially only have to put 3%-3.5% down since you would be a first time home buyer.