Seller financing and subsequent line of credit

[Tarik N.]

I am in the process of purchasing two properties from the same owner via seller financing, and I have the following question: Since title is transferred to me on the day of closing, can I that same day (or later) obtain a loan or line of credit against those properties? 

Basically, that would be my plan, but I want to make sure it's possible before I commit.  I would appreciate any insight.

Thank you.