Commercial Land Contract vs Mortgage

[Bruce Scannell]

I'm looking at a multi family property, and the listing mentions land contract. I'm trying to make the transition from SFR to MFR so I don't know a ton about the commercial property workings and practices. The property is a 6 unit for 300k. I have been pre-approved for 375k just based on my personal finances to satisfy the seller. I am curious, is it more advantageous to move forward with a land contract (they want 25% down) or just get financing with the same 25% down? I assume that I could get better terms from a bank compared to the seller, so why would I want to agree to a land contract? Would it be better for future lending to buy this one on land contract and bank finance the next, or does it not matter? Thanks in advance, Bruce