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Updated over 9 years ago,
Contract for Deed on flip
I've found a deal I like. FSBO property for 49k. 10k down gets me keys. 15k reno. 110k arv. I love the cash on cash return on this deal. The only problem I have is that the owner wants to sell on contract for deed through proper escrow and does not want me to sign through my llc, which is set up for s-corp taxes. I understand his need for protection, which is why he is doing contract for deed. I just want all the write-offs and the growth and protection of my llc. Is there a way to appease both parties while maintaining the seller financing terms? I have offered to put a personal guarantee on the contract. Thanks