Ohio Land contract query
Hi I am US investor from the UK. I am looking at purchasing a property in Cleveland Ohio via a land contract. The seller really wants the purchase to be made in my personal name. I explained to him I only invest via my LLC in Ohio ( which I have had for approx 3 years ). The seller has now come back saying he is happy to do the Land Contract in my LLC name and that will be filed with the country to show my interest. However he wants the note ( $20k over 10 years ) to be in my personal name.
I don't know whether this is legal ? also I don't have a personal US bank account so would be difficult to pay personally. Also I'm not really sure what the issue is - he did state initially is that I could just close my company down. I did state I couldn't see that happening and if it did he could surely he could file a court action for land contract forfeiture. He would keep any monthly payments + $15k down payment. Any thoughts or advice would be appreciated. Thanks