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Updated about 5 years ago on . Most recent reply

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10
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3
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Jayson Wolfe
  • Accountant
  • Houston, TX
3
Votes |
10
Posts

Partial seller financing - who gets first lien?

Jayson Wolfe
  • Accountant
  • Houston, TX
Posted

Greetings you fantastic BP people!

Quick question about partial seller financing... if you get a seller to do seller financing for ~20% of the purchase price, who gets first lien? The bank or the seller doing ~20% 'seller financing'?

Thanks for all you input!

Jay

Most Popular Reply

User Stats

194
Posts
197
Votes
Eric Mayer
  • Rental Property Investor
  • Clearwater & Daytona Beach, FL
197
Votes |
194
Posts
Eric Mayer
  • Rental Property Investor
  • Clearwater & Daytona Beach, FL
Replied

Anytime! I wish I learned about the power of owner financing before I jumped in. Now I’m selling off my conventional financed deals to buy owner financed deals. Can get twice the doors if you can keep the down payments low. Best of luck!

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