Real Estate Deal Analysis & Advice
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 about 8 years ago,
Wholesale deal turned into owner finance
Hello all!
I have began starting my journey with wholesaling in the Detroit area. I have a few properties under contract and would like to get these sold before I dive deeper into the market. "Get my feet wet" so to speak...
I have a deal that is currently under contract, for $1,200 with a simple purchase sale agreement. I have a buyer that would like to owner finance the house sales price at 5k with 2k as a downpayment.
Where I am stuck is... How do I structure this deal to help me use as little of my money as possible? I am thinking maybe do a double close... but does that need to be done with a title company?
Who's name does the deed go in?
If you feel like you know exactly what I should do please explain! Thank you!