Hi everyone,I've been working my way through most of the forums; reading the stickies and whatnot.

He is looking to get $125k out of the purchase to pay off his line of credit, but does not seem interested in carrying a note on the property.I would love to purchase this property and am even considering conventional financing, but I would like to minimize the down payment.

I purchase notes with it and earn high yield returns due to the fact that I buy performing notes at discounts.

Thanks for that note Brandon Turner.

Note: I'm just using W-2 as regular income in this example - no other misc incomes.

Engineer for future negotiation opportunities.Deal needs to cash flow.Use "purchase money notes"Consider breaking up into two carry back notes, in case they want to sell or liquidate for cash prior to full term.

It is also important to note, the loan officer, when uploading your 1003 picks the loan program initially or loan product.

Stay away from nonperforming notes and only buy local performing notes secured by property you know and understand.

Note that many tax bills are going down.

4MM is almost a 24% second note.