So i was thinking...there's a conventional loan program available to me that only requires 3% down, and I can finance the remaining 97% over 30-years @ 3.7%.Would it be crazy for me to pick up a property, and seller finance the property to one of these Hispanic buyers @ 20% down, financed 15-year @ 10%?

This building has foundation problems and can only be sold with Cash or conventional loans because of it.

FHA or Conventional?

It sounds like you will have enough down for a 5% conventional or maybe even a FHA!

We have been pre-approved for an FHA or conventional to build a new home and have received a GFE and closing costs worksheet.  

With the market at 1.4-2.0 months of inventory in the DFW market, its a great time to be investing.  

I personally like 30 year conventional financing because the 30 year rates are so amazing!

Hi @Jerry,  In our current conventional mortgage, we have myself as the borrower and my wife as the co-borrower.  

My current inventory is 304 credits.In any event, there's clearly a ton of growth potential right next door to Seattle, to the north.

He does not need income (he would be building his estate for future hiers) where as I would need the income in retirement.If we were to go the 'conventional route' of a 25% down loan, is there any type of partnership, JV, etc... that would allow just one of us (me) to do the personal guarantee?