Buying & Selling Real Estate
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated almost 6 years ago,
Legal Steps with Seller Financing
In Ohio. Got a solid lead on seller financing a 4 unit. Here's my understanding...please correct me if I'm wrong.
- Sign purchase contract
- Create a trust for the property
- Assign trust beneficiary to my LLC
- have deed signed and held with seller's lawyer in case seller dies/incapacitates
What else should I know? What are some of the associated costs with closing this way? thanks!