Morby Mothod/ Seller Finance

[Hunter Gibson]

Morby Method-

I found a duplex that the seller is willing to do the morby method with me. <> Where you get the bank to lend you 70% and the seller gives you the 30% as a 2nd so you do not come out of pocket 

Does anybody know of any banks that allow a 2nd position. The one I heard was myinvestorloan but they say at the bottom they do not allow seconds. Any advise or suggestions thanks 

[Ned Carey]

@Hunter Gibson This will likely be hard to find. aIthough is more likely to happen with a smaller local bank who basses their loans more on the relationship with the borrower. Large national lenders are not likely to do this. 

Banks want you to have "Skin in the game" in other words they want you to have your own money at risk.

That said just because you can do a deal with 100% financing does not mean it is a good deal. A bad deal with 100% financing is still a bad deal. I think this is what @Joe S.  and @Jason Wray were trying to say.