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Updated 3 months ago,
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?