Whats the skinny on Seller Financing, or CFD?

[Jared Vidales]

Hi Guys,

Im a principal of an acquisition company, where we're doing roughly 20 deals monthly, nationwide. We're offering on roughly 15-20 homes per day, and right now those offers are strictly cash offers. I recognize every home owners situation is different, which is why I want my acquisition manager so begin offering more than one solution i.e. seller financing (if free/clear), Subject-to (If mortgage). 

I have questions:

1. Can the "buyer" ever own the deed, or be on the title, before all the installments are made?

2. Can you assign or sell a Contract for Deed?

3. Can the "seller" take seconds, or lines of credit on the property while you're in contract?

4. Do you need the "sellers" consent to rent out the property while you're in contract?

My initial thoughts regarding strategy would be to control 4+ homes under Contract for Deed, rent them out and season for 12-months, then refi into a portfolio loan so I can take title to the properties. 

Thoughts?