A Beginner Question, Please Help
I have some one who wants to owner finance his home to me with no down, he's moving back to his country and he had $75,000 worth of equity in the property. My question is?
By useing an owner financing contract agreement, can I pull out this equity and how long do it have to be before I can pull out this equity?
If I can get him to quitclaim the property to me, how soon can I pull out the equity?
Please help, he wants to do this now. He said he wants to help me out with my first property.
Thanks
Well we probably need more information. Does he have any debt on the property? At what price is he going to sell you the property?