Refinancing a seller finance deal
Hi everyone, I'm new to BP and this is my first post.
I'm working on a triplex deal in Southwestern PA and I'm working with the property owner and leaning towards seller financing.
Once all renovations are done, and I have tenants in could I refinance, pay off the existing loan the owner has and have the property be mine?
I'd like to do this so that I'm safe from the seller defaulting on the loan & any other pit falls.