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Updated over 4 years ago on . Most recent reply

User Stats

4
Posts
0
Votes
Ian Denelle
  • Flipper/Rehabber
  • Brockton, MA
0
Votes |
4
Posts

Seller Financing and Lien Positions

Ian Denelle
  • Flipper/Rehabber
  • Brockton, MA
Posted

I have a property I’m looking to flip and I’m getting my financing in place. I’ll have seller financing for $1.2M and looks like hard money for the remaining $1M. How does that get structured? Would they each have their own “1st” lien position?

Is this a question for a lawyer? CPA? Mortgage Broker?

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