how does buying a 50% Owner Finance and 50% Hard money deal work?

[Account Closed]

Say this house is worth 200k ARV. 0 repairs needed. i want to flip this property.

they owe 100k on their mortgage, so i would use hard money to fund that and the seller would finance the other 100k....
Do i still buy it at 70% arv?

[Tom Gimer]

Deals involving hard money and seller financing generally do not work.

Both lenders expect to be in first lien position.