Matt Onofrio Discussion

[Andres Garcia]

This question is back when Matt invested in his first 2.25 million dollar strip mall deal. The 80% of that price was loaned by a bank, now did the sellers carry provide the other 20% down payment and needed Matt to pay a 15% mortgage and also needed to provide the 5% through pocket? What I'm trying to understand is if the seller provided the 20% down payment why is Matt paying the 20% still? So Matt is the buyer correct? which means he's buying the 20% from the seller? Through a 15% mortgage payment and 5% through private money? Am I saying that correctly?