Owner Finance

Palm Springs, CA
3br
2ba
Purchase Price: $200,000
Market Price: $250,000
Down Payment: $ 10,000
Monthly Pmnt: $ 1,300
Interest: 0%

We enter into escrow this coming week
I want to structure it where I can refi and pull money out or line of credit.
1. Do I buy it through my LLC?
2. Do I buy it through myself?
3. Can I pull equity or get line of credit if seller is first position?
4. Recommendation for specific Title Co.?

I appreciate any guidance on this.  I want to avoid costly mistakes on how it's structured.

Thank you

@Anthony Morales

Questions 1 and 2 friend on who you'll be refinancing with...Some lenders like owner occupant deals but there are a ton of investor friendly lenders. And they're all different!

@Anthony Morales

And once you refi the note, the "owner" won't have any position so we long as appraisal is strong. Again, lenders make it break it!

More details needed to answer on how to structure it

but looks like a pretty sweet arrangement if your numbers are correct !