While housing is objectively more unaffordable with current prices and interest rates, when will this be reflected in the overall home ownership data?

I also purchased my last property while being overseas.

The seller is seller financing me the property with a balloon in 3 years if it appraises for the current purchase price in 3 years.

In short though you're going to need a purchase agreement and could even use the standard real estate contract, and some people use a warranty deed.seller financing is when you don't have to give the seller some or all of the cash at closing, and then you don't have to get a mortgage (or as large of a mortgage) and you're able to make payments to the seller.

I purchased a 3/2/2, 1366 sqft rental home built in 1986 (roof 8-10 years, no pool, smoke alarm, etc) in May 2023.

Hello,I'm a rookie real estate investor currently house hacking in the greater Asheville NC area looking to purchase a mid or long term rental property in a nearby area.

OTOH he wouldn't have to finance the land purchase or the demolition at today's interest rates.

THIS WILL BE OUR FIRST HOME PURCHASE (3 CO-OWNERS).

Purchase price: $90,000 Cash invested: $5,000This property was my first BRRRR.

Most work this way: Rates: 9% to 13% (Most Deals are 11-12%)Terms: up to 36 Months (Most Deals are 6-12 months)Fees: 2-4 points(%) of loan amount paid at closing (Most Deals are 3 points(%))Minimum Loan Amount: $50,000 (For loans less than $250,000 $2,500 minimum fee)Max Loan: 65%-70% of After Repair Value(ARV)100% Rehab Financing Available (Require 20% of purchase price down payment or cross-collateral)Closing Timeframe: 48 Hours - 3 Weeks (Most Deals are 2 Weeks)NO PRIMARY RESIDENCES, NON-OWNER OCCUPIED ONLY, BUSINESS AND COMMERCIAL USE ONLY.