Owner Finance or Wholesale Vacant Land

[Gerald Harris]

I have submitted low ball offers to motivated land owners. I have about 7 owners that have accepted my offers most of these I will get under contract for under $500 dollars 2 of them I can get for $1000 Values range from $5000 to $42000 my question is do I wholesale all of these or seller carry???

[Chuck Stagliano]

It depends on what you want to do. You have a couple of choices. If you can get them for between $500 and $1000, then you can sell them on a land contract with a down payment amount at least equal to your paid price. That way, you get your cash back and also get income. If they don't pay, you still have the deed on a land contract, so you can sell it again (I am not a lawyer). If there is enough room between the price you paid and the real market value, you can wholesale some or all at a still below market value price and make immediate cash profit. Like so many other situations, it depends on what you want to do and what the real value is. Good luck.