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Updated 4 months ago on . Most recent reply
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What do you call this kind of deal?
Hi,
I'm wondering what the official term for this type of deal. Say we buy a property for $1 million, but we structure it so it's 0% down but a bank/note buyer is in place at closing to buy the note from the seller at 80% value so they walk away with 800k in cash.
What's the official term for this kind of deal?
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Wheres the 20% coming from?
It's just a seller carry & the seller sells the note.
- Brandon Croucier
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