@Pandu Chimata, As a private lender myself, typically what happens is the title company has an in house lawyer, where you can get a mortgage and note prepared for free.

You'll net around $150k and that will be tax free.

I've wholesaled 3 seller finance deals in the past 6 months so feel free to reach out with any questions! 

Feel free to reach out if you’d like to learn more on house hacking (could be a great way to get started), I can share my experience

@Matthew PorcaroI can certainly understand your point of view and advocation for 203(k) loans, however...In my opinion, and feel free to correct me again, a 203(k) loan is not ideal when utilizing the BRRRR method for the following reasons...- It's against FHA rules to use a 203K loan for an investment property, unless it's a 2-4 unit multi family and you will live on site.- 203(k) Loans are for Owner-Occupants- You can't use a 203(k) loan, legally, if you're planning to rehab/rent(not live in) the property.- The Cash Out Refi Seasoning Period is 12 Months.

Feel free to reach out.

Feel free to message me if you'd prefer to be discreet.Thank you as always!

I plan on doing a cash-out refi to get that tax free money back outI'm not doing a 1031 because I'm moving to Georgia after this sale and have a lot of other moving parts to think about.

Feel free to reach out if you have any questions!

If you have any questions or opportunities you'd like to discuss, please feel free to reach out.Thank you for welcoming me to the forum!