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Updated over 7 years ago on . Most recent reply
Land Contract a Land Contract
Hello BP,
I was wondering can you Land contract out a Land Contract. I know its not clean, but is it legal?
Ex: A buyer is purchasing a house via LC and wants to sell the house via LC, is this possible?
Most Popular Reply
Brian Gibbons
#5 Guru, Book, & Course Reviews Contributor
#5 Guru, Book, & Course Reviews Contributor
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- Sherman Oaks, CA
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Brian Gibbons#5 Guru, Book, & Course Reviews Contributor
#5 Guru, Book, & Course Reviews Contributor
- Investor
- Sherman Oaks, CA
As a rule I buy on land contract and lease with a rofr as an exit.
Buy on terms and rent out or help the renter get financing.
It gets ugly when you sell on CFD or other types of executory contracts and the vendee defaults.
See my article
https://www.biggerpockets.com/blogs/3/38181-rofr-is-better-than-an-option