Owner financing is often used for commercial properties as well. Maybe 50% down and the rest financed at 8% to 10% for five years with a five year balloon (must refinance or pay off loan at that time).
Owner financing is often used for commercial properties as well. Maybe 50% down and the rest financed at 8% to 10% for five years with a five year balloon (must refinance or pay off loan at that time).
If you have a current line of credit ELSEWHERE, why not use it to buy your apartment?
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