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Updated over 5 years ago,

Bailey Sessoms's profile image
Bailey Sessoms's profile image
Bailey Sessoms
  • Member since Jul 31, 2019
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18
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Bailey Sessoms's profile image
Bailey Sessoms's profile image
Bailey Sessoms
  • Member since Jul 31, 2019
Connect
Bailey Sessoms
2
Votes |
18
Posts
Starting Out

Rental Deposits On An Owner Financed Loan

Bailey Sessoms
Posted

Hi, 

If you are entering an owner financed loan, can you ask the current owner to transfer the current rental deposits over to you, or can you leverage it towards the down payment? I know in some states you are required to place them in a interest barring account, but not sure if this was an option.

Thanks in advance! 

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