Be a DON'T WANT-ER  - always be willing and ready to walk if you can't get a good deal - And understand that you can always come back to that seller later and begin Second Stage NegotiationsAsk the 7 wordsAlways consider a subject to offerAlways ask for seller financingUse the Study Period Clause with right of possession to control properties without cashOffer seller participation - this is a great way to close dealsOffer something other cash - a note secured by your other equities, an unsecured note, a Principal only mortgage (using this technique you can offer more for the building since you are not paying interest - and as you know a direct reduction mortgage will pay off much faster.

@David Lutzthird federal Heloc pmt gonna be interest+principal.

It seems that Jeremiah Is likely referring to a LAND CONTRACT/INSTALLMENT AGREEMENT/CONTRACT FOR DEED deal where seller is  holding some "mortgage" Jeremiahs males principal & interest payments on after SELLER  receives some very minimal down payment like $1000.

This basically gets her principal back & the money she has into the house.Est.

You can always shorten your amortization, so more principal is being paid down to mitigate the downside risk.

The rate might be a little higher, but not paying down principal might still increase cash flow compared to other options.However it might be harder to find below 75k loans.

When I'm wholesaling a property, I'm a principal in the transaction.

The license law actually says that you become a principal when you sign the purchase agreement.

Currently ~$220 goes towards interest and ~$580 towards principal.

I also understand that you can just skip the HELOC altogether and simply pay extra mortgage principal or you could also get a HELOC as a backup and then pay extra principal out of your normal checking.