It really depends on how quickly you think you can pay back the loan.

If you have access to a line of credit on your primary home, that could be a good option.

He was overwhelmed at first with all the "insider" stuff: the 1031 exchanges, cash-on-cash returns, and figuring out what an ideal cap rate is, especially in a hot market like Dallas.

We financed the down payment, so with my buyer's agent commission I got back from the seller at closing, not only did we bring $0 to closing, but actually made $5k when we bought the property!

Expensive markets can be a challenge, but here are deals to be had, depending on the amount of work you are willing to do.

Can someone please let me know the mechanics of the recording process on an owner-financed deal?

I executed a contract with a seller on Sep 28 with a closing date of Oct 17.

Any advice on the steps to do this is appreciated.

Welcome and congrats on taking some action.

I’ve spent months doing online learning, lots of property analysis, and meeting people.