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Updated about 7 years ago,
What is a Seller Carryback?
As I understand it a bank will loan 80% to the investor directly, and then the seller takes out a 20% loan to finish off the remaining amount the investor couldn't muster up. Is this correct, and if so how would this work for a buy and hold property? I'm assuming I would be making two payments each month, one to the bank and one to the seller.