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Updated almost 8 years ago on . Most recent reply

User Stats

58
Posts
51
Votes
Ian Reeves
  • Rental Property Investor
  • Shawnee Mission, KS
51
Votes |
58
Posts

Banks that will allow owner to do 10% carryback

Ian Reeves
  • Rental Property Investor
  • Shawnee Mission, KS
Posted

Hey guys,  I am an investor in Kansas City.   I sell a few turn-keys here and there to fund my own portfolio and I would like to help my buyers grow faster by offering 10% owner carry-back.  I am looking for suggestions on banks that would allow this.  Thanks in advance!

-Ian Reeves

Most Popular Reply

User Stats

29
Posts
9
Votes
Michael Niemeier
  • Sedalia, MO
9
Votes |
29
Posts
Michael Niemeier
  • Sedalia, MO
Replied

I'd think Arvest and Morrill & Jane's would be a little more flexible but Shawnee may just be a tough area to sell that pitch. Check first community bank or Brotherhood bank and trust. I think whoever you talk to you will need quite a sales pitch to get this to happen. Good luck.

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