Must have LLC for Owner Finance?
3 Replies
Gad Amit
posted about 1 year 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
G
Aaron K.
Specialist from Riverside, CA
replied about 1 year 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 about 1 year ago
Thanks...
But if buyer need to improve her/his credit... will it still work?
Arlan Potter
Investor/Accountant/Builder from Meno, Oklahoma
replied about 1 year ago
Makes no sense. Not needed for anything Wont improve their credit unless you report to a reporting agency.