Traditionally banks loan on appraised or purchase, whichever is lower...you may be describing a hard money lender...that's a different ballgame altogether...It's impossible (in 99.999%) of all real estate acquisitions to use financing and acquire a property with no money out of pocket...best you could do is HML if you're flipping this...you may scrape by with points and fees...If you're using HML you will have to sell the property or settle the debt with a re-finance...re-fi's are typically 70% LTV...and completely dependent upon your personal financial situation, DTI...easy to get burned if you don't have capacity or the value is not there...and this is an expensive asset.A conventional lender can't lend if seller financing is involved...lending constraints...

This tax is meant to protect tax-paying businesses from unfair competition from tax-exempt entities.The use of debt-financing creates exposure to taxation known as UDFI on the percentage of the income the IRA receives from the non-IRA (borrowed) capital.

So by billing "near Rice" as the main selling point, you may be bringing in mainly folks who are interested in that feature who are then disappointed.

Honestly, I think paying off properties is simply a personal choice, whether it be your main residence or a rental property.

I do know he is anti-debt and when it comes to investing, using debt can be to your advantage, so keep that in mind. 

I got my RE license as a means of targeted learning about RE, but being that it was a side endeavor and my main job salary and satisfaction kept improving I never made a full jump into RE agent-hood and hanging my license with a broker.My question as a potential primary residence buyer in new big-builder home purchase, could I hang my license with either a 100% commission brokerage or a broker friend for the transaction to retain the buyer's commission?

My main concern is that it is in a "flood zone" although it RARELY floods.

Once you hire a main cleaner you trust you won't need to inspect every time.

You also grow your equity through debt pay down each month.

The very concept of a tax inside of an IRA scares a lot of folks off from even thoroughly researching the concept... which is their loss.When an IRA uses debt-financing, the percentage of the income that is derived directly from the IRA capital is fully sheltered.