I am doing a Promissory Note with 0% interest, zero payments for the same length of time of the loan the buyer is taking out.

@Patrick Daniel wouldn’t me putting down a good down payment help the owners situation a little bit?

South Carolina being a lien theory state, one would normally have an attorney draft a mortgage (which creates a lien on the property and makes the full balance due upon sale) and promissory note (which outlines the payment terms, interest, etc).

A quick glance at housing affordability in AustinMedian Household Income App (Forbes): $73,493 ($6,124/mos)Cost of Living (Forbes): 15% above nat'l avgMedian Home Cost (SFR-ABOR Stats): $302,250Assume 5% Down Payment Conventional Loan- 30 year amortization- $15,112.50 down pmt + any closing costs• Percentage of residents with less than $1,000 saved: 56%• https://www.gobankingrates.com/…/…/americans-savings-state/…- $287,137.50 amt financed- 4.375% interest rateHow the payment looks:PI= $1,433 mosIns= $105 mosTaxes= $458.33 mos (Assume $5,500/yr)HOA= $25 mos$2,021.3/mos PITIDTI’sHousing ratio= app 33% @ median income ($2021/$6124)FHA should be at 31% or less with Conv/VA/FHA being around the same although all have exceptions in placeTotal DTIThese hover between high 30%’s to manually underwritten total DTI’s in the 50’s or higher depending on the programs@ 45% Total DTI Ratio and assuming the above PITI pmt that gives a borrower approximately $734 per month in all other creditor debt (cars/cc/personal loans/etc)These numbers are not perfect but are rather a quick illustration of current housing affordability in Austin for Retail Buyers.Summary: Housing is becoming less and less affordable in the COA for end retail buyersAssuming increases in property taxes/insurance/interest rates on the horizon how does this affect us as investors?

Wilson County offers the following discounts:If paid in October, a 3% discountIf paid in November, a 2% discountIf paid in December, a 1% discountKendall County, Boerne ISD and Comfort ISD offer early payment discounts. 3% if paid in October, 2% if paid in November and 1% if paid in December.

This leaves me to think that i'll need to go the traditional 20% loan route, which is almost double the down payment that I currently have.  20% on the average multi around here is approx. 100k.  

There is even an option to collect payment straight from the emailed invoice through PayPal if you need that option.

Could be debt ratio, down payment, credit score etc...Try Home Possible. 

I am in search of my first deal and I am looking to borrow money from the bank of Mom and Dad for the down payment.

I count the ELOC payment against the cash flow of the new property and make sure it still makes sense.