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Updated over 6 years ago on .

User Stats

45
Posts
44
Votes
Aaron Harren
  • Rental Property Investor
  • Alexandria, MN
44
Votes |
45
Posts

Contract for deed / how to structure a contract for deed deal

Aaron Harren
  • Rental Property Investor
  • Alexandria, MN
Posted

I am looking into a contract for deed deal on a 2 bedroom 1 bath home.  Seller has asked what I had in mind for a down payment and monthly payment option to move foreword with buying from her.  The price of the house is $32,000. I plan on using the house as a rental property.  Current rent rates for the area are $600. Looking for advice on struction this contract for deed deal?  Down payment, monthly payment and so on.  Thank you