Updated over 3 years ago on . Most recent reply
Rookie question: on seller financing deals, does title transfer?
Tried searching to no avail.
If I'm doing a seller financing on a deal, owner has 100% equity (6unit multifamily), and we agree on terms.
When we record the "sale" is that recorded at the county records office? And then is the tax rate determined by recent sale price?
I'm underwriting a small deal, and fogging up at whether or not to include a higher tax or the current one.
((My future plan is to renovate and refi))