Please let me know your thoughts on this idea or if you have any other payment ideas.

[Insert bit of personalization about who I am, my family, and build trust, essentially humanizing the note].I understand that selling a property can be a significant decision, and may not be one you are considering, but if you are, I want to assure you that I approach this with respect and am eager to explore the possibility of finding something agreeable for the both of us.Here are a few reasons why seller financing (you not the bank) could be beneficial for you:- Steady Income: Seller financing offers you a reliable source of income, providing monthly payments without the hassle of managing the property directly.- Flexible Terms: We can discuss flexible payments that suit your needs, allowing you to customize the agreement according to your preferences.- Avoiding Hefty Tax Burdens: By spreading out the sale over time, you may mitigate the impact of capital gains taxes, making seller financing a tax-efficient option.- Legacy Planning: If you're concerned about leaving a lump sum to your heirs, seller financing allows you to pass on your wealth gradually, ensuring financial stability for your loved ones.- Minimal Hassle: Seller financing eliminates the need for bank involvement, reducing paperwork and streamlining the sales process.- Assured Sale: Choosing seller financing may attract a broader pool of potential buyers, beyond myself, increasing the likelihood of a successful sale.I believe that by working together, we can find a solution that benefits both of us.

I need the monthly payment as low as possible to get into another next year.

Ive made some extra payments on it and the original mortgage of 229k is down to 216.

I am interested in peoples thoughts on what to do with it.I could use the money as a down payment for a rental property, I would just need to make sure the profit covers not only that property, but my new equity loan, which I feel could be a challenge to find a property that cash flows that much.Or I could look at doing a flip, and just use the equity and a hard/private money loan, then just pay it off afterwards.What does everyone think the best use of this money would be?

If you have to you can get a secured credit card with a $500 limit and you charge 1 tank of gas per month and then refurbish the card.

If you're BRRRRing this property your 150k loan payment is going to be around $1,000 on top of the taxes and insurance.

Yet, interest payment on mortgage offsets the rental income (I don't want to pay income tax on rent), and there is a chance of refi later.

But you will have to up security if you are very close to the hospital.

The prices are nuts and the payment is so high.