I am considering purchasing a investment property to get some monthly cash flow from rent.

Hello,I am a young investor looking to get knowledge on how to utilize seller financing to obtaining 2nd rental property.I bought 1 single family home in Tilbury, Ontario in 2021 and it is not cashflowing AND not able to sell right now as locked in mortgage until 2027.I do have some cash, but not enough for a 2nd property, and I seen plenty of off market seller financing - but I just don't understand the whole seller financing business to obtain.

With an assumed loan providing a lower interest rate and accelerated amortization, the income generated from house hacking can be leveraged to pay down the mortgage principal even faster, or the extra cash could be saved to be used towards your next down payment!

Worst Tenant Ever - -Unpaid rent since moving in (6 months)-Refused me entry into my property for inspections-Got gov assistance check for rent, forged my name and tried to cash it in her own account.

Purchase price: $110,000 Cash invested: $40,000 This beautiful 3 Bedroom and 1 and half Bathroom house is located in South Acres Estates subdivision.

If I am reading between the lines, your failure is lack of cash flow right now?

I am a first time out of state investor interested in buy my first rental property in Detroit that can cash flow after fixing and gain equity.

The car expense ate up most of his cash flow.  

The house with squatters may need a whole lot of cash infusion.

It'll be tough to get into a pure investment in your area for 35k but here are a few options:- partner on the second deal- if the numbers make sense and you could get more cashflow then you could look at a higher price point but my guess is this will be difficult to find- Buy your first property as planned, and save the 35k as reserves and/or just keep it for the next down payment on another FHA after a year- find a place that needs some work where you can use that money to fix up and force appreciation to the propertyPersonally, I would look at those last 2 options where you have the cash on hand ready to deploy for the next down payment or rehab costs if needed.