Therefore, its your balance sheet/credit worthiness combined with the real estate (banks collateral) that will be considered in extending financing, not the LLC.

Prepare a justification for your offer that includes market data and any necessary repairs or enhancements.Even if stability may be obtained with a fixed-rate 30-year mortgage, it's important to compare financing conditions.

I point out that even if the building didn't need much work in the last 20 years,  many systems (roofs, water heaters, paint, windows,  and may other things) were clearly wearing out and may not last much longer and to avoid unpredictable expenses a proactive approach was necessary to start upgrading)I then followed up with individual conversations with residents which helped me to understand their finances a bit and hopefully understand their ability to pay and what assistance program(s) they may already be getting or be eligible for.   

So, I sold a Parcel in Dec. 2021 using Owner Financing .

Current contracting customer How did you finance this deal?

My mom has no existing mortgage or any form of lien on this property.We accepted a seller financing offer, and are currently under the closing process.

I did all my due-diligence on my own, and with the help of some YouTube videos(Ted Thomas) How did you finance this deal?

I also welcome perspectives on utilizing a HELOC, other financing options, or keeping my primary mortgage-free.

i need to figure out the financing as opposed to paying cash. 

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