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Author Topic: Taking Back a Second Mortgage  (Read 3043 times)

Offline VI_Ruddell

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Taking Back a Second Mortgage
« on: February 19, 2009, 07:02:14 pm »
I reading on creative deal structuring and I keep on coming acrossed second mortgages.  This is refering to wholesaling a deal.  If you don't want your buyer to put up any cash on the deal you can carry a second mortgage note.  How would you go about doing this?  Would you take the money from your own lines of credit or take out a loan?  Or how would you fund the second mortgage?

 




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