Need some guidance on Owner Financed Deal

3 Replies

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