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Updated over 3 years ago,
Bank loan plus seller finance
Hello,
lets say you want to buy a property for $600,000 but the bank will only finance $400,000. its not because the property is not worth that much but because the bank cant get accurate comps...for whatever reasons but that's not the question. I am asking because I should be able to subdivide the land.
the question is:
is there a way to get a loan from the bank for 400K and seller finance the 200k left over?