Seller financing? How does it work?
Hello community, I am currently working on acquiring my first deal outside of my current bank financed home. Newbie questions
1) I just finished rehab and refi on my current home and pulled 60k. What i didnt realize is that I cant physically move for 12 months because I went 80% ltv. My original plan was to 3.5% FHA on a multifam fixer. How would some of you suggest I use this money for the next 12 months so its not just sitting in an account not making anything!
2) How do some of you get a seller to carry a note and do a seller finance situation? Like whats in it for them to want to do something like that?