Updated over 6 years ago on . Most recent reply
Assigning Seller Financing Contracts Legal?
Haven't heard too much of this idea but I think it could work.
Like the concept of wholesaling, I would assign the contract to an end-buyer (contract would state it's assignable) for an assignment fee however this would include the downpayment and initial costs of the contract.
Advantages: Loopholes the capital gains tax for the seller, creates passive income for seller, the seller keeps 1st ownership of property, end-buyer get an investment property, end-buyer can back out, third-party gets paid for service
Disadvantages: Property must be free of loan debt, limited people wanting seller-financing
Am I missing something?