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Buying & Selling Real Estate

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Matthew Louks
  • Investor
  • Saint Louis, MO
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14
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Contract for Deed on flip

Matthew Louks
  • Investor
  • Saint Louis, MO
Posted Sep 9 2015, 18:32

I've found a deal I like. FSBO property for 49k. 10k down gets me keys. 15k reno. 110k arv. I love the cash on cash return on this deal. The only problem I have is that the owner wants to sell on contract for deed through proper escrow and does not want me to sign through my llc, which is set up for s-corp taxes. I understand his need for protection, which is why he is doing contract for deed. I just want all the write-offs and the growth and protection of my llc. Is there a way to appease both parties while maintaining the seller financing terms? I have offered to put a personal guarantee on the contract. Thanks

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