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Updated almost 7 years ago,
Balloon Mortgage on MFR
I have an opportunity to buy my first MFR (fourplex) with seller financing. The terms are 20% down, 5% interest rate, 5-year balloon. The properties are under market value and I know I am accepting some risk with the 5-year balloon, but I may lose the deal if I push back on the seller financing. Thoughts?