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Updated about 10 years ago on . Most recent reply

User Stats

48
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6
Votes
Stephen Collins
  • Boston, MA
6
Votes |
48
Posts

Selling a Property to a Different Owner, while using Seller Financing

Stephen Collins
  • Boston, MA
Posted

If I buy a multifamily property, for example at $100,000, using some type of seller financing, am I able to sell the property after X number of years even if I do not have the deed.

For example if I buy the property on a land contract (or other seller financing options), the seller keeps the deed, correct? If I keep the property for X number of years and collect the cash flow, keep the property in "average" condition and try and sell the property, can I?

Thank you BP.

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