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Updated 3 months ago on . Most recent reply

Garrett Jennings's profile image
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Garrett Jennings
  • Real Estate Agent
  • from Oshkosh, WI
  • Member since Aug 29, 2021
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Garrett Jennings's profile image
Garrett Jennings's profile image
Garrett Jennings
  • Real Estate Agent
  • from Oshkosh, WI
  • Member since Aug 29, 2021
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Garrett Jennings
  • Real Estate Agent
  • Oshkosh, WI
7
Votes |
13
Posts
Creative Real Estate Financing

Can I do a hybrid of seller financing and bank financing?

Garrett Jennings
  • Real Estate Agent
  • Oshkosh, WI
Posted

I wanted to check on the forums before I consider using this as a strategy.  If I were to approach a seller of a $200k home, and they had a remaining mortgage of $100k, could I get a new bank financed loan for that $100k, and have the seller finance the remaining $100k of equity to me?  

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Kerry Baird's profile image
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Kerry Baird
  • Rental Property Investor
  • from Melbourne, FL
  • Member since May 5, 2011
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Kerry Baird's profile image
Kerry Baird's profile image
Kerry Baird
  • Rental Property Investor
  • from Melbourne, FL
  • Member since May 5, 2011
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Kerry Baird
  • Rental Property Investor
  • Melbourne, FL
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Kerry Baird
  • Rental Property Investor
  • Melbourne, FL
Replied

Yes, I have done that several times, both as a buyer and as a seller.

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