Starting Out

User Stats

18
Posts
2
Votes
Bailey Sessoms
2
Votes |
18
Posts

Rental Deposits On An Owner Financed Loan

Bailey Sessoms
Posted Aug 13 2019, 05:43

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! 

Loading replies...