I want to earn some extra cash in order to expand my portfolio and build my business.

I want to earn some extra cash in order to expand my portfolio and build my business.

The seller has significant equity in each property and is offering to carry a second (presumably a portion of the down payment).My question, forgetting about the potential seller carry back for a second, is how will a traditional lender (likely portfolio) look at the forgivable NSP mortgage?  

Unless you are looking to add this property to your rental portfolio, I would sell it without an interim solution. 

David go to a portfolio lender where they keep loan in house and are not selling off.

And if so does anyone know any portfolio lenders in Philadelphia.

And if so does anyone know any portfolio lenders in Philadelphia.

Congratulation on your decision to "step out", after being in conventional real estate for so long, it is a big decision to want to be more productive, earn more, and build a portfolio of profitable properties as a real estate investor.It is difficult however for agents/brokers to change hats, to forget the old ways of doing the conventional real estate business and to get educated on the creative ways to control and roll real estate.I commend your decision to do so.One Broker to another, if you need some suggestions, just give me a call.Good luck.

I'm also in Omaha and starting to expand my real estate portfolio.

As owners of real estate portfolios ourselves, this is something you and I already know.