Let's assume you get a seller to do seller financing (act as the bank).
You can get the seller to sell you the note your paying on at a discount or in other words take a discounted payoff. This would mean you would purchase the property for less if the seller would take a discount.
I seek a discounted cash pay off (whether it's my money or the banks) everytime I do seller financing. The seller may take the pay off because they are sick of handling month to month payments. Also, if the seller does not take the discounted payoff now they may later so I would keep trying.
As I mentioned in another post seller financing notes are bought and sold as an entire business within real estate. You are just using this to your advantage to get an even further discounted property.
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