- Sales Price $720,000- Down Pay: 15%  $108,000 (higher down payment reduces your risk)- Balance owed: $612,000- Int Rate:  6.75% (nice spread on your cost of money at 2.5% - Arbitrage)- P/I payment:  $3,969.42- make the buyer pay T/I in their escrow payment thus increasing payment- Hold period - 5 years- Additional Interest earned = $203,884 (No Longer a Loss)- No Rental Management needed- No repair costs- You can still deduct the interest on the underlying loan as an expense - ask your CPA- Monthly income without the hassle ($400-500 each month, more if there's T/I escrow)I'm in NM and do these all the time. 

If you already own a primary and don't plan on moving out, you could explore conventional investment property loans, DSCR loans, and Hard Money loans.

Does anyone have a spreadsheet created to compare lenders; loans offered, rates, docs needed to qualify, etc?

I am interested in peoples thoughts on what to do with it.I could use the money as a down payment for a rental property, I would just need to make sure the profit covers not only that property, but my new equity loan, which I feel could be a challenge to find a property that cash flows that much.Or I could look at doing a flip, and just use the equity and a hard/private money loan, then just pay it off afterwards.What does everyone think the best use of this money would be?

I am trying to do a Second Trust Deed private loan in California.

Typically its 20-25% down.I was referring to self-directed IRA lenders, conventional loans are typically 20-25% down

Or because private loans have very high APR?

Thank you so much Tushar..Sorry, I might not have been very clear on the last question. if you had 300k in hand (aside from the loan you can get), how would you invest

A question on creative financing with FHA loans.

As for as the seller is concerned it's an all cash offer but I'm actually using an equity loan to finance the purchase and fund any rehab needed.