I am currently saving up to get into my first seller finance investment property from NJ, how long have you been investing in Birmingham?

As mortgage rates eventually drop, your cash flow should improve over the long term.

You need to consider how long you will be keeping this property.

As teachers part of our philosophy of education is that while we are the teacher to our students we always take our place as students first learning from our students and anyone willing to share new knowledge — we don’t know what we don’t know so we remain curious, hungry as life long learners.

Also know that the housing market might not go up as quickly as you like...but honestly as long as it cash flows when you move out that is okay...I recommend saving up at least 6 months' worth of rents and having it cash flow at least $300 a month before moving out of the property.

A little bit about my experience in Real Estate… I started a couple years ago doing some house flips in Detroit ( It was a 2 year plan) then decided to sell everything, moved to Washington DC which can’t afford anything in the DMV area but last year I purchased a very nice 3500 SQFT Duplex in Shaker Heights, suburb of Cleveland. 

It could also be worthless if they are only doing long term rentals since its all passive income...

I know that's likely easier said than done, but it may be worth it so that you don't regret any decisions in the long run. 

If you're not yet aware of this niche strategy whereby you can leverage your real estate assets (single family, multifamily, hotels, etc.) to generate significant long term cashflow, this is the podcast to watch. 

The end buyer is taking over the purchase contract that you have established with seller.