Posted by John Katitus on December 07, 1998 at 01:42:31:
Your financing knowledge far exceeds mine. I hope you have the patience for a couple questions.
If you wrapped it, would you buy subject to the existing mortgages and owner finance for a higher total? How would you accomplish the purchase - Land Trust, Land Contract,etc.?
If you purchased with an 80K note, where would the note and 80K come from? Same question if you did a new second?
Thanks for your input, Bud. I have learned a lot from your posts.