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buy in bulk, sell on land contract with high interest
Hello, this may be the new plan. Buy a bulk of foreclosures in the Midwest. Like 75k for like 15 properties, they are usually like 5 k each. I then seller finance them on a land contract. From what I estimate 15k each. 10 to 20 percent down with an 8 percent interest rate? Sounds good, has anyone done this, any advise. I would feel more confident if I knew someone that was doing this could give me some advise!! Thank you