Brand new investor seeking help with land contracts

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I just found this site on a google search and I gotta say-great info! I was looking from some insite from some more experienced investors out there. I am working on purchasing a property on a land contract. I found a two story that needs remodeling (mostly cosmetic) that I can purchase cheap. I have built new houses but never done a remodel. So far I have the purchase worked out as paying $10k now and the $25k balance paid in 6 mo. I figure that should give me plenty of time to redo the house and make sure it is in great condition to pull a mortgage on it. Hopefully I can find renters by then too. I look to everyone's collective knowledge to ask if there are any pitfalls I need to make sure to avoid with a land contract. I just ordered a title search to make sure the title is clear of liens as the seller says it is. I am purchasing a fire/dwelling insurance policy to cover myself incase of loss. I pulled the clause out of the land contract that deals with payments/interest/ or the seller's ability to reneg. Any thoughts or advise would be greatly appreciated! I think I'll be reading through all these posts for a while....never know too much! :mrgreen: