Transferring equity with seller financing?
Hello BPU!
I'm looking into trying to obtain a seller financing deal with an owner of a property. We plan on living in the SFH for a year or so then move out and leave it behind as a rental. How does one gather equity while paying to the current owner before refinancing into a conventional loan? How do my payments get recorded? Down the road equity seems to be my best friend in starting/continuing my investing career. Thanks for the help in advance!