But I Have few questions about it..(1) he said he want to use part of the money to pay IRS debt of 28000 (2) use rest of the money for addition to the house and than go to conventional financing ...

Is that $66,300 profit before debt service?

I just finished up my financial statement and need to work on a business plan next.

@Joshuam RiveraWhen you do owner-financing, the sellers are legally obligated to inform you about all underlying debts.

Make sure they actually have it under contract, There are lots of these operators that have no financial interest and are brokering real estate without a license.3.

I've saved up a nice amount and have zero debt with a retirement and decent paying job waiting for me after I retire from the AF.

I've saved up a nice amount and have zero debt with a retirement and decent paying job waiting for me after I retire from the AF.

You can go about it both ways, you can get it under contract after you've been pre-approved for funding but it really shows the lender you're serious if you have it under contract already.The price of the house won't change drastically after it's under contract, so we'll know how much funding you'll need and you'll have a clearer financial picture from which to plan from.Let me know if there's anyway I can help!

How do I get financed for this number of properties and maintain a debt to income ratio that will continue to solicit lender approvals for these mortgages?

I told to a financial planner in the midst of the Great Recession.