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Updated almost 4 years ago,

User Stats

42
Posts
3
Votes
Dominique Mitchell
  • Rental Property Investor
  • Hutchinson, MN
3
Votes |
42
Posts

Seller Finance ( taking over the deed)

Dominique Mitchell
  • Rental Property Investor
  • Hutchinson, MN
Posted

I currently have most of my capital tied up in my first deal and I am wanting to get moving on my second deal.

I have found a few deals that are willing to do seller finance, my question is.

If I do a seller finance deal will I take over the deed for the property on closing?

Property is owned free and clear. The reason I ask is because I would go in and do some rehab and then refi the property and payoff the seller. But if I’m not on the deed I can’t get the refi done correct?

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