Posted by Dalton on November 25, 1998 at 21:36:02:
I my self had a deal like this, I got the seller to take a 2nd of 5k less then his equity then QC deed. My note was 633.22 for the duplex. Got in the house with no money down L/O 3 days later for 3k down each side and was paid 450.00 a mnth each side.
Bottom line if the seller is taken back a 2nd to cover his EQUITY “fart” on him L/O both sides with a good down and mnthly … and dont pay him a penny down
Well you will need to buy his lunch when this is a done deal …LOL