All Forum Posts by: Micaiah Marquette

I'm just gonna say as a investor most real estate agents are used to closing deals with either cash or conventional. They only like to do things ONE WAY and that's it, and it's the way that provides minimal to no risk for the buyer and the seller; seller and buyer close and the agent gets their bag out the deal. Few agents in the market understand seller finance and the many ways it can be structured, and few will sometimes promote it, but the rest are just risk averse. Your best approach to offer seller finance to the seller is when the home is off the MLS. If there's a deal with way too many people involved on both sides, they're gonna screw it up for everybody.

OK, ChatGPT! That's exactly what I was looking for! 🤣🤣🤣

Hey guys! 

I'm new here and I have spent a couple of years studying real estate investing strategies. My idea to buy a home is to get an 80% LTV 1st mortgage from a bank, take over that mortgage and give the seller a second mortgage for 50% of the 1st mortgage balance because I need some cash to cover the payments, which the amount of cash would be more than the remaining equity in the home. This strategy is a combo of subject-to/seller carryback. Is this a common method or not? Let me know your thoughts on this!