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Updated about 10 years ago on . Most recent reply

Daniel Caruso's profile image
Daniel Caruso's profile image
Daniel Caruso
  • Real Estate Investor
  • from Old Bridge, New Jersey
  • Member since Jan 1, 2015
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Daniel Caruso's profile image
Daniel Caruso's profile image
Daniel Caruso
  • Real Estate Investor
  • from Old Bridge, New Jersey
  • Member since Jan 1, 2015
Connect
Daniel Caruso
  • Real Estate Investor
  • Old Bridge, NJ
2
Votes |
7
Posts
Buying & Selling Real Estate

Owner Financing

Daniel Caruso
  • Real Estate Investor
  • Old Bridge, NJ
Posted
Can someone explain why/how owner financing works when sellers aren't carrying back 100% of the loan? Say they agree to carry back 20%. No bank is going to let you take out an 80% conforming loan knowing the down payment is coming from a 2nd loan (ie owners carry back loan ). If so, how do people do these with no money down?
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