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Updated almost 16 years ago,

Joe Shively's profile image
Joe Shively's profile image
Joe Shively
  • General Contractor
  • from Greenville, Pennsylvania
  • Member since Jan 29, 2009
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Joe Shively's profile image
Joe Shively's profile image
Joe Shively
  • General Contractor
  • from Greenville, Pennsylvania
  • Member since Jan 29, 2009
Connect
Joe Shively
  • General Contractor
  • Greenville, PA
0
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50
Posts
Private Lending & Conventional Mortgage Advice

Seller 2nd Mortgages

Joe Shively
  • General Contractor
  • Greenville, PA
Posted

How hard would it still be to get a loan from a bank for a multi unit property if the owner would carry a second mortgage for 40% of the purchase price.

ie. Building cost 100k. Bank loan for 60k seller carry 2nd 40k.

Is this a good way to acquire rentals without using your own money?

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