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Updated over 7 years ago,
80/20 Investor Loan w/ Seller Carryback
So two part question. We have identified a property and agreed on terms where we'll get a 1st mortgage either through traditional financing or private through hard money. The seller is going to carry a 2nd mortgage for 15%-20% of the purchase price. Question (1): Will traditional lender or private lender (i.e. Hard Money) allow the seller to do this? (2) If so, can I get a referral please.