Updated over 9 years ago on . Most recent reply
Partial Seller Financing Question
Hello guys!
I just want to solidify my understanding regarding partial seller financing since I didnt get to fully understand it at No Money Down Book.
What does it mean if a seller carried a note on a property to help you finance it? How much is a typical good interest if ever to propose?
Lets say youret buying a property for 400k
Mortgage balance :200k
Private Lender financed 300k
And seller carried a note (carryback?) 100k
Whats a good deal or plan on paying the seller?
Thank you!