We record the the loan in a deed of trust on the property and I also name them as the lien holder on my insurance.To give myself plenty of room because life happens I've been doing 12 month terms with them but am generally doing a cash out refi 3 to 4 months after purchase for a BRRRR at which point they are paid off, again by the title company.

Mold requires two things to grow: moisture and a food source.

Food for thought, but happy to connect, chat, and answer any questions along the way!

Outside of their labor and food, rent is often times their largest fixed expense.

Just some food for thought..

Many attorneys including our counsel are OK with limited administrative actions by the IRA account holder as a property manager.   

It's a popular hang out with food trucks and live music (pre-COVID, anyway).

Myself and 3 partners are trying to invest in a triplex.History: We have owned one quad since September 2020 where one person is the mortgage holder.

Offer 1: Cash OfferAmount - $145,000Follows traditional financing (inspection, closing procedures, commissions, etc.)Offer 2: Seller Financing with no down payment (terms negotiable)Monthly payment to seller: $778.39Term: 30 yearsInterest: 5%Amount to be paid after 30 years (including interest): $280,000Lien Holder: SellerTax burden is less, potentially no tax implications for sellerMonthly payment paid to sellerWilling to continue to pay estate if seller passes (AKA no refi on the seller financing)If monthly payment not made, house goes back to sellerCommission will be paid to realtorOffer 3: Seller Financing with Down Payment (terms negotiable)Monthly Payment to Seller: $739.47Term: 30 yearsInterest: 5%Down Payment: $7,250 (Negotiable)Amount to be paid after 30 years (including interest): $273,459Lien Holder: SellerTax burden is less, potentially no tax implications for sellerMonthly payment to sellerChunk of money given upfrontWilling to continue to pay estate if seller passes (AKA no refi on the seller financing)If monthly payment not made, house goes back to JoyCommission will be paid to realtor The Dilemma:How do I convince the seller this could be a win-win for both of us?

They offer payment incentives and Tax incentives to rent to voucher holders in your area.