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Updated over 7 years ago,
Structuring a Seller Finance Deal
Need help trying to figure out how to structure a deal. Here's what I want to do:
I want to purchase a home from a seller using seller financing (contract for deed) and then sell the house to another retail buyer using seller financing with the understanding that he will refinance the home in 24 months and get traditional financing. The original seller and eventual buyer are all aware of what I'm doing.
My question is
When the retail buyer goes to refinance, how does the original seller get their equity out and get cashed out if the retail buyer's agreement/contract is with me?
Thanks for your help