I am currently in need of some cash and am looking to sell the right to the future balloon payment at a discount.

A balloon payment (if any) can be put into a future year, possibly after other income has become less, so as to not create a higher tax bracket year.

The first was for a 10% down payment, 20% seller financing and 70% bank financing with decent terms and a 60 month balloon on the seller financing portion.

Once I get the properties cash flowing, I can either hold and use the revenue to help me secure financing for future opportunities closer to me, or sell those properties in an appropriate timeframe to pay off the remaining balloon balance and use the proceeds to, again, do something closer to me.

No.A wholesaler doesn't need a proof of funds letter.

We realize a long amort with balloons are possible too.

I’m looking for some best practices on starting and maintaining LLCs in TX, TN and FL (on a cheap basis…not trying to do everything using a service or having each single family home in each LLC as that would make costs balloon out of control).  

I want to know if my thought process is right or wrong.Deal Summary• Purchase price: $480K• Down payment: $70K• Underlying loan: ~$410K at 2.375%• PITI: $2,225/mo• Market rent: ~$2,495/mo• No balloon or prepayment penaltyBig Picture and QuestionsThis is my second creative-finance property using a Contract for Deed.

Hmmm, idea - make the 50-year mortgage like a balloon loan, with a 50-year amortization, but a 15 or 20-year balloon payment due. - May "encourage" more people to move, making the RE market "more" liquid.

Then I typically have a balloon or lump sum at some point.