Buying a house (?), then owner financing
I've got a buyer that I'm helping to find a house that I will eventually buy and owner finance to him. What's the best way to go about this? I'm relatively new to owner financing.
Should I put the house under contract and just assign it to my buyer, then just act as the bank to provide financing? In other words, never actually taking ownership.
The tricky part is that he is willing to do some of the repairs on the house, but can't do them all. So he may not be able to move in immediately. Just thought I would throw this situation out there as I'm sure it's relatively common.
Thanks for your help...happy holidays!!!