Financing Question

I'm sure that this is pretty basic, but if a seller is willing to hold some of the mortgage, then does that allow for a 95% investor loan, or does it actually still require money out of my pocket???

I'm looking at a property that the seller will hold 5%, so then can I turn around and get a loan for the rest?

Comments(4)

  • tinman17551st July, 2004

    You would still have closing costs
    Lori
    [addsig]

  • cypherm1232nd July, 2004

    But besides that, would I have to have a downpayment, or would the seller carryback count as that?

  • cap13rd July, 2004

    If I put all of my profits from real estate deals into a LLC company account would I have to pay the capitol gains tax or would it be deferred. Thanks Craig

  • myfrogger3rd July, 2004

    If you place a property in an LLC, the LLC would have to pay capital gains tax instead of you. Either way it must be paid unless you can defer it using a 1031 exchange.

Add Comment

Login To Comment