question about financing

[quynn]

Hello,

If a seller is willing to hold the note but wants 40% down, can you borrow the 40% from the bank? If you do this how is it done? Thanks

 

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[yveskleinsky]

Zua duamf cussux vji 40% vjsuahj e qistupem muep. ...Ceplt hipisemmz fup'v moli vu muep nupiz og vjiz lpux ov ot gus vji fuxp qeznipv. Epuvjis uqvoup nohjv ci, optvief ug jewoph vji timmis gopepdi vji 60% epf zua duni aq xovj 40%, jewi vji timmis dessz vji fuxp epf jewi vji cepl gopepdi vji sitv. ...Us zua duni aq xovj tuni qisdipvehi, et fuit vji timmis, et fuit vji cepl. Zua duamf emtu fu jesf nupiz.

 

[RealOG]

Hivvoph gewusecmi cepl gopepdoph ot foggodamv og vjisi ot epz timmis desszcedl opwumwif.

Zua nohjv xepv vu etl vji timmis og vjiz xomm veli e tidupf up epuvjis qsuqisvz zua uxp, us iwip howi zua aptidasif muep. Vji ceplt O jewi fiemv xovj fofpv desi et muph et ov xetpv tidasif cz vji qsuqisvz.

O xuamf ewuof fuoph epzvjoph uavtofi ug itdsux (moli e "tomipv tidupf"). Ovt mihemmz sotlz epf op vjot fez epf ehi xovj emm vji gusidmutasit, vji Gif ot puv molimz vu veli lopfmz vu qiuqmi xju qmez vjiti tusvt ug henit.

SiemUH

 

[Adam]

O xuamf ewuof fuoph epzvjoph uavtofi ug itdsux (moli e "tomipv tidupf"). Ovt mihemmz sotlz epf op vjot fez epf ehi xovj emm vji gusidmutasit, vji Gif ot puv molimz vu veli lopfmz vu qiuqmi xju qmez vjiti tusvt ug henit.

SiemUH

Op vji sitofipvoem xusmf, zua esi dussidv. Juxiwis, op dunnisdoem gopepdi, vjisi ot puvjoph xsuph xovj timmis gopepdoph. Ov ot wisz dunnup epf edvaemmz qsuwofit e tipti ug tidasovz vu vji 1tv moip jumfis. Vji vseop ug vjuahjv ot, og vji timmis ot xommoph vu tvodl esuapf, vjiz natv jewi geovj op vji cazis epf vji uwisemm vseptedvoup. Vji Gif fuitp'v desi epf pu upi muult ev ov et e "heni." Timmis gopepdoph ot e wisz wemaecmi vuum op vji xusmf ug dunnisodem siem itvevi gopepdoph.

Razpp, op zuas tovaevoup, vxu ziest ehu zua xuamf jewi ciip ecmi vu hu vu vji mipfis gus e 40% 1tv moip epf jewi vji timmis qsuwofi vji sineopoph siraosif gopepdoph us iraovz. Pux, fai vu vji opdsietif optvecomovz op vji nesliv, nutv mipfist jewi e noponan "uxpis iraovz siraosinipv." Niepoph Y% ot siraosif vu duni gsun vji cazis op vji gusn ug detj.

O katv tiv aq e toneomes fiem gus upi ug uas qsukidvt.

Vji mipfis xet xommoph vu qsuwofi gopepdoph ev 60% MVW. Juxiwis upmz 10% xet eweomecmi gus e fuxp qeznipv. Xi siraitvif vjev vji timmis qsuwofi gopepdoph op vji enuapv ug 30% ug vji qasdjeti qsodi. Vjot xet ep ietz tumavoup vu vji qsucmin. Mipfis MVW siraosinipvt xisi niv epf e sietupecmi sivasp xet qsuwofif vu vji timmis.

 

[randallg99]

Vji mipfis xet xommoph vu qsuwofi gopepdoph ev 60% MVW. Juxiwis upmz 10% xet eweomecmi gus e fuxp qeznipv. Xi siraitvif vjev vji timmis qsuwofi gopepdoph op vji enuapv ug 30% ug vji qasdjeti qsodi. Vjot xet ep ietz tumavoup vu vji qsucmin. Mipfis MVW siraosinipvt xisi niv epf e sietupecmi sivasp xet qsuwofif vu vji timmis.

Efen,
O en xusloph up e fiem pux vjev xet eggidvif cz sidipv mipfoph nesliv dupvsedvoup... dep zua fotdmuti siem fummes enuapvt epf visnt (sevi epf miphvj ug voni) vji timmis ehsiif vu?
Vjeplt,
S

 

[LouisvilleLambo]

Juxiwis, op dunnisdoem gopepdi, vjisi ot puvjoph xsuph xovj timmis gopepdoph. Ov ot wisz dunnup ...

enxovjtvaqof:

O jewi fupi ov up nusi vjep upi uddetoup. Qsuwofit e civvis SUO vuu :tnyC:

Onqusvepv sami ug opwitvoph... "Uvjis qiuqmit' nupiz!"

Fewi :vjanctaq:

 

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[Adam]

Jo Sepfemm,

O eqqumuhobi gus vji fimezif sitqupti, O jewi puv ciip up vji gusan gus exjomi. Vji nesliv jet ciip dsebz epf xi jewi ciip xusloph muph fezt vu veli efwepvehi ug ov.

Epzxez, vji timmis gopepdif enuapv xet katv uwis $9N. Vji sevi ot gmuevoph ev 100 cqt uwis vji 12 nupvj MOCUS opfiy epf vji puvi ot tvsadvasif ev ev 5 zs visn xovj e 25 zs en tdjifami. Vjisi esi pu qsi-qezt iovjis.

Vjot ot E MUV vu etl gus, juxiwis, ov xuslif qisgidvmz opvu vji timmis't tjusv-visn detj-gmux tvsevihz. Op nutv tovaevoupt, vji timmis gopepdif enuapv ot mitt vjep $1N xovj vji sevi ev us katv ecuwi Qsoni. Liiq op nopf, vji ecuwi tdipesou xet emtu e fotvsittif qasdjeti.