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Updated almost 6 years ago,
Seller financing when seller financing is already in place.
I am looking to purchase a 6-plex for $250,000. The seller still owes $120,000 to the seller they purchased it from. They believe they can't do seller financing unless I bring $120,000 cash to the table so they can pay off their previous seller. Could I possibly just take over the original $120,000 note and get the other $130,000 in seller financing from the current seller.