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Forums Buying & Selling Real Estate DiscussionMust have LLC for Owner Finance?

Must have LLC for Owner Finance?

3 Replies

Gad Amit

posted 7 months ago

I would like to sell my home with Owner Finance option. Should I use LLC to help the buyer establish his/her credit?

OR, Can I do it without LLC?

thanks

Aaron K.
Specialist from Riverside, CA

replied 7 months ago

You can do it without an LLC, I wouldn't spend money on one just to help the buyer with their credit.

Gad Amit

replied 7 months ago

Thanks...

But if buyer need to improve her/his credit... will it still work?

Arlan Potter
Investor/Accountant/Builder from Meno, Oklahoma

replied 7 months ago

Makes no sense. Not needed for anything Wont improve their credit unless you report to a reporting agency.

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Must have LLC for Owner Finance?

Gad Amit

Aaron K.
Specialist from Riverside, CA

Gad Amit

Arlan Potter
Investor/Accountant/Builder from Meno, Oklahoma

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