I'd be happy to set you up with a lender that we use that is incredible... just let me know!

The one I’m really having an issue with now everything is all set but the roof being in the process of repair might be an issue.

I am pretty sure the seller financing will go through however have to look into the steps of working with a Title company and setting up escrow.

He's looking to turn it into a 4br 3bath and possibly turn the basement into a livable space.He offers a promissory note for a payout of either a set interest rate or percentage of the profit, whichever is greater.

He will be selling the properties to me for about 35k each and they will rent for anywhere from $600 to $800 a month on a 12-15 year note with the bank.With his knowledge and history in this market I feel that my mentor is steering me on the right direction and not setting me up for failure.

The objective is to ingrain sensible propensities and fabricate an in adoration bond together with your pet.

@James Masotti I'll start taking that approach because that actually more accurately aligns to my objectives and abilities.Yeah sure, simple concepts, but the mentality shift is what leads me to be able to phrase what I actually do vs what I've been inaccurately saying what I do (if that wordy sentence makes sense)

@Philip Amundson Admittedly I would say most properties do need some small repairs and/or updating to maximize rent so I'm not going to pretend you will be able to find a 100% turn key property, however if you can find one, then it will preserve your cash and set you up better for #2.  

You can get that discount only in stores, not online.I went through 2 Ryobi sets and fried them, I don't recommend them.

Is it likely and how to set up a contract?