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Updated almost 3 years ago,

User Stats

7
Posts
1
Votes
Sam Stolt
  • Clearwater, FL
1
Votes |
7
Posts

Buying directly from owner using their debt

Sam Stolt
  • Clearwater, FL
Posted

I am the opportunity to buy an off market deal at a nice discount. Buying from owner and keeping his debt in place for up to 2 years. 

Is there any ideas for setting up a mechanism to auto pay his loan or different structure ideas?

I will be bringing in a partner for construction on this one. Two ways of doing that i want to hear pros and cons too. Adding him to the title while my interest is in an LLC. Or adding him to the LLC i set up for the property. So adding him to title or to LLC?
the only thing ill hold in this llc is this property. 

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