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-   -   Land contracts good or bad? (https://www.askmehelpdesk.com/showthread.php?t=123545)

  • Aug 28, 2007, 06:03 AM
    upyooper
    Land contracts good or bad?
    Is anyone fimiliar with land contracts? I have 3 homes I rent but a friend asked me to check into land contracts since I have had bad experiences with renters destroying my property. Is there money to be made in land contracts? Need someone's advice who has dealt with land contracts before. Thank You
  • Aug 28, 2007, 06:14 AM
    ScottGem
    Do you mean Contracts for sale? Whereby a person buys the property from you under a contract rahter then obtaining their own financing? If not, then please define further.
  • Aug 28, 2007, 07:37 AM
    upyooper
    I own the property and would like to sell under a land contract for say 10 years, is this good or should I consider staying with lease option? I have had trouble with the lease option because I have an investor who finds the tenants but he hasn't been doing his job. Some have moved out and broke their lease also destroyed the property. I have tenants in to others and their behing on their payments. I have just gone and seen a lawyer and am going LLC. But which is better? Going under a land Contract or staying with the lease option. Thank You

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