Would save the board so much time.

With seller financing, the person selling the house lends you the money, and you pay them back directly.

Providing advice without understanding the full scope of your business and its operational plans could result in inaccurate guidance.As a hard money lender, I provide financing options for both DSCR and fix-and-flip loans.

The loan gets paid off first and any money left over is you “equity” and comes to you. 

Hi everybody,I am looking to purchase my first rental property and I do not think I am ready yet based on feedback I have received from multiple people.I do not have enough money for a downpayment on a conventional loan, DSCR loan.

At this point I am just saving money until it financially makes sense to move on a lot, and then will slowly save up to build a simple 2 BR 1 Ba for short term or long term rental.

If they have no cash your taking a huge risk on a ground up new build. and for that you would want to get a standby rate of interest like I do say 10% and I would charge 50% of the upside profit.. if they are putting cash into it..  3 to 4 points and 10 to 15% interest is market.and you give them money in draws as work is completed..

However, there is a difference between just turning a profit and making enough money to get a decent return and justify the hassle and the risks.

It is better to increase earnings, reduce expenses, and save up for the next investment.

Ability to pay, do they pay, have they saved?