Updated about 15 years ago on . Most recent reply
I'm a little confused LTV
A seller offered owner financing on his mobile park, great rates and terms but come to find out his loan balance is more than he's selling for.
When I found out the loan balance, the property barely cash flows as is so; I don't get what he's trying to do?
Threw me for a loop and my head is still spinning, maybe because i'm a nubee :)
Any advice?