We also love tertiary or small town markets with exceptional cash flow.

The 3% credit should be reflected on the Loan Estimate so that will reduce your cash to close.

I think this deal makes sense just need the cash to make it work.

David,Why sell if its a future retirement that will offer equity/cash flow.

.- Only allows Rate/Term but we could add a HELOC on top of it to access cash in this instance up to 95% CLTV.Long story short, there are ways but you'd have to get creative and be over 62. 

Selecting the right tenant is probably equally important than selecting the property to buy in the first place - in a way the house is not cash flowing, it's the tenant.

Some places are cash, some no cash, only cashiers checks or money orders. 

Purchase price: $135,000 Cash invested: $65,000 Sale price: $345,000 Had an opportunity to purchase this property from the owner...I own the next door home, it is an Airbnb.

@Jose Julio, I joined only 2 weeks ago but already the "Tribe" has made it completely worth it to me, I have been teamed up with mentor(s) who ARE on my cash buyers list and help me add to it, they also put me onto the right title companies to use and contracts.

unless this property is unsalable on the open market or your selling it for far more than its worth this is a Pass full stop.. 4% is not even close to market rate for seller financing it should be 8 to 10%and if you need cash then you have factor that into their down payment.