Creative financing closing??
I have been considering investing in real estate for quite some time now. I do not have enough money to purchase a home outright and in a couple of conversations I have had, I have lost leads due to my inability to close quickly. I have looked into the creative financing department and have found that it could be a great option for me... if I knew how to close the dang thing.
My thinking is that if I, for example, wanted to purchase a home and got a seller to carry a loan - I would need to pay this loan off and take title before I OWNED the home, in which case I could sell the home to another buyer. Since I never really have had the money to own the home, and therefore never really own the home... How do I actually sell without taking title? Does this require me to do a double closing and sell before I actually own the home?