I was reading something called a Wraparound mortgage in BARM on pg. 188 and I couldn't quite understand what it was. If anyone knows exactly what a Wraparound mortgage is, could you please fill me in on the details. I just wanna know what it is and what exactly are the pros and cons of using this strategy? Any feedback would be greatly appreciated, thanks.
"Open minds backed by knowledge, wisdom, persistence, and determination equals unstoppable excellence"