I’m stacking capital by deal, not by preference: private money first for speed and flexible draws, hard money when leverage is needed and the spread safely covers points and carry, partnerships only when there’s clear complementary value, and creative terms with sellers when rates or ARV comps squeeze debt.

It turned a house I was emotionally attached to into the first piece of what would become a long-term wealth-building plan.After moving to Idaho, I bought a townhouse on owner-carry terms and rented out one of the rooms to offset my mortgage.

The money you set aside isn’t deductible until you actually spend it, so it’s just after-tax cash waiting for repairs, vacancies, or other carrying costs.

This preparation, paired with a strategic financier, is crucial, as they can save you tens of thousands by securing competitive financing and positioning you for the lowest possible risk.

Ie, asking a seller to carry back some financing, secured with a lien, is simply a mortgage note.About the title, got it, that makes complete sense to me.

A common model in larger operations is the "Promote/Carried Interest" model.

Who has experience with borrowing the down payment, carrying costs and fees to keep the project moving.  

I know of several off-market fourplexes and a sixplex that have owner carry options.

Action: confirm it’s income‑producing, not your residence; verify real property status in your state and with your lender/insurer; have a cost‑seg pro model the deduction vs. your passive loss limits; and pressure‑test cash flow so the tax play isn’t carrying a weak asset.

In certain situations additional lien on credit and excessive trade lines can cause future DTI issues, lower scores and denials on future loans.The rates our lower on mortgages versus Heloc right now and the terms are longer for example 30 year mortgage versus a 8-10 year Heloc and most carry prepayment penalties so if you want to pay it off early they can hit you with a prepay penalty of 6% or higher.Refinance allows you to have cash in hand and avoid the scary "What if" factor meaning loss job, lost income, late payment, over leveraged and if any of these things happen your credit limit gets reduced and in most cases closed completely.