Forgive me if these are dumb questions.

It is definitely helpful to have less debt as an investor.

Each state has its own rules, different lien hierarchies, and its own way of treating debts, and even counties within the same state can have very different procedures.

What's your other debt looking like?

That way I’ll be able to pay off the private money loan and keep my debt separate.

You will need cash or debt, its either one of the other. 

You put 20-25% down, but get the entire asset now by using debt and then capture appreciation on it.

I am considering the following options: contributing to a 401(k), paying down high-interest debt, funding an HSA, and making a backdoor Roth contribution.Thank you.Best,Zeni KharelWhile there are some universals, everyone’s circumstances are different.

Who are the no upfront fee collections agencies that focus on consumer debt and back rent in North Carolina?

Assuming I owner finance and balloon in 5 years but amortized over 30yrs this is what GPT came up with after punching in some numbers.IncomeAnnual Gross Rent: $77,400ExpensesInsurance: $4,800/yearTaxes: $2,772/yearMaintenance: $4,800/yearOperating Expenses (excl. debt): $12,372/yearDebt ServiceInterest: $33,960/yearPrincipal: $9,648/yearTotal Debt Service (Principal + Interest): $43,608/yearNet Operating Income (NOI)77,400−12,372=65,02877,400 - 12,372 = 65,02877,400−12,372=65,028NOI = $65,028/yearPerformance MetricsCap Rate (on $800K value): 8.13%Cash Flow (after debt service): $21,420/year (~$1,785/month positive)DCR (with full debt service): 1.49 (healthy)SummaryWith debt fully accounted for (interest + principal), the property still cash flows positively at $21.4K/year.