Rental Deposits On An Owner Financed Loan

[Bailey Sessoms]

Hi, 

If you are entering an owner financed loan, can you ask the current owner to transfer the current rental deposits over to you, or can you leverage it towards the down payment? I know in some states you are required to place them in a interest barring account, but not sure if this was an option.

Thanks in advance! 

[Colleen F.]

@Ryan Lee. In #4 even if owner financed the note is recorded as a lein against the property. Not sure if you are saying a private lender doesnt exclude you from 1st time buyer programs in the future. It depends on the program.