I'm looking at a potential owner carry purchase-  With this type of lending agreement, when does the title transfer?  

I'm looking at a potential owner carry purchase- With this type of lending agreement, when does the title transfer?

If you’re close, you could try having the owner carry just the amount that you’re short.

@Nicholas Fazio 5-units also carry the burden of being the cross-point for transitioning to commercial financing. 1-4 units residential, 5 + commercial.

If you use a HML then you will need 10% dp and carrying cost plus enough to pay the contractor to get started until the first draw.

If you work with licensed contractors, they typically carry workers compensation and general liability insurance. 

@Cody L.There’s plenty of good deals on property around my area in New Orleans, and i also bring a great deal to the table in sense of all I’m lacking is capital/cash bc i have a full plan/team in place and will carry the load and manage the project myself.

Once you reach $150k no losses are allowed and they carry forward to a year when they can be utilized.  

We might be able to do business together.we only use it on seller carry back  ( IE we own the asset and sell it) we dont offer it as a financing product  

Promise yourself you'll think differently when it's your time :)  And find a way to ease him over that bridge.One suggestion would be an owner carry note or an installment sale.