How to do this deal?

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Posted by Dmac on July 27, 2009 at 13:41:13:

I’m looking at an owner finance deal on a duplex. The owner owes 80k on the property. They are willing to sell the property to me with a down payment and take over making their payments. My question is how can I safely do this without getting a new loan. The property will cash flow my concern is that I make the payments for 5 or 10 years and the original owner tries to reclaim ownership. Please Help.

The have 2 available. Should I do both?

Thanks
David in Texas

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