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Updated 7 months ago,

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John McKee#5 Commercial Real Estate Investing Contributor
  • Investor
  • Fairfax, VA
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Creative Real Estate Financing

How to do seller financing with a loan on it

John McKee#5 Commercial Real Estate Investing Contributor
  • Investor
  • Fairfax, VA
Posted

Question for the group. I have 1 million dollar property with about 500K left on the loan.  How can I sell it with seller financing if the bank already has a note on the property.  I can't afford to pay off the 500K myself and either can the tenant for a downpayment.  Any solutions on how to structure a deal like this?

Fairfax, Virginia
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