Helping our cash strapped friends through seller financing

[Scott Howell]

I’m looking into seller financing. We have a few friends who are having trouble getting financing for a house. I am thinking about buying a house/fixing it up/and seller financing it to them. Due to the millions of opinions about seller financing I am having trouble answering my own question for my circumstance. When I have completed the renovation, can I pull the forced equity out and use it toward another home while collecting the monthly payment and putting toward the equity refinancing? Although there are a few extra components, seller financing to me feels more fulfilling.