Learn creative finance - build the portfolio brick by brick, door by door.

@Eric Andrekopoulos seller finance is not without risk.

I am working on a private lender for my first property and have been talking to Warren Fergane. He said he’s from Freedom Loan Service Corp but it’s a gmail account. Just wondering if anyone has done business with him...

This strategic move paid off handsomely as we were able to command higher rents than initially projected.Here are the key financial details of the deal:Purchase Price: $270,000 (jointly with a partner)Financing: Obtained a commercial bank loan with a 30% down payment, 7% interest rate, and a 20-year amortization period.Initial Rents: $1050 and $1250Current Rents: $1400 and pre-leasing for $1500 (making it a 1% rule deal!)

If you have a lot of deductions and the amount you show as "real" income on your returns is low, this will be problematic for FHA financing.

I think if you have access to all three, look through the comps they use and find the ones that are most applicable. 

We first negotiated a lease to have a "first-right-of-refusal", then when the owner was ready to sell we purchased How did you finance this deal?

How did you finance this deal?

How did you finance this deal?

I have been working on rental applications where the county issued some fixes last year.