All Forum Posts by: Nicholas Adams

I have been researching different financing options and the seller carry back is one that I have come across that I am having some trouble understanding fully. Based on my understanding part of financing for the purchase price comes from the bank and part comes the owner.

So an example would be a 300,000 deal you borrow 60000 from the bank give that to the owner and they finance the remaining as a second mortgage.

Do I have the main idea, am I missing something, or am I completely off the mark?

Thanks for the help.

Thanks Wade, I am new to Nebraska but so far I love the Omaha area except for the cold that is. I am origanally from Florida, so quite the adjustment.

Thanks so much for the welcome. I would just like to say I am five episodes deep into your blog and absolutely loving it. I also read the article, it was great. The property you discuss is exactly what I would like to purchase, so to see the complete process like that was great.

Just starting out in the real estate world, but so far I have had an insatiable desire to learn more. Real Estate is exciting stuff, I'm looking forward to purchasing my first property soon. My wife and I are both members of the Air Force stationed here at Offutt AFB. We are mainly looking for Multi-Family homes.