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Updated over 14 years ago on . Most recent reply

User Stats

82
Posts
2
Votes
Owen Hogarth
  • Real Estate Investor
  • fort lauderdale, FL
2
Votes |
82
Posts

I'm a little confused LTV

Owen Hogarth
  • Real Estate Investor
  • fort lauderdale, FL
Posted

A seller offered owner financing on his mobile park, great rates and terms but come to find out his loan balance is more than he's selling for.

When I found out the loan balance, the property barely cash flows as is so; I don't get what he's trying to do?

Threw me for a loop and my head is still spinning, maybe because i'm a nubee :)
Any advice?

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