Nothing fancy; 25% down, 30-year fixed market rate mortgage.

However, it's important to keep in mind that you should be prepared for higher interest rates and fees compared to traditional mortgages.

Definitely learn about how to calculate expenses, mortgage payments, NOI, and the total net income of a deal to see a projection of how much passive income you can make on a property. 

(Housing Wire)Today’s Interest Rate: 6.77%(👇 .03% from this time last week, 30-yr mortgage)Interest Rate: CPI, Mortgage Spreads…What to Expect?

I have a chance to buy a house at lower than market value, value about 1.2 I can buy it for 1. how can I benefit from this regarding down payment, or lowering the mortgage or other benefits?

IRS taxes 2 years, w-2 right now because we are before 2023 return due 3 years, paystubs 30 days, mortgage bills, fire insurance and HOA bills, bank statements past 60 days.

Seems one has to come up with 30-35% down to break even with mortgage and expenses. 

ARV: $225,000* Loan balance: $135,000* Current mortgage rate: 7.65% APR* Monthly mortgage (PITI): $1520* Rents : - 1 unit - $1500 (midterm rental)- 1 unit - $800 (long term rental - anticipated rent)*Approx.

If the interest rate stays at around 5%, it's possible that renting near good schools will be cheaper in the next couple of years.

@Chris Adams...full disclosure, I'm a mortgage broker in CA and play in the smaller commercial loan sandbox.