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Updated about 4 years ago,

Cassandra J.'s profile image
Cassandra J.'s profile image
Cassandra J.
  • Investor
  • from Saint Joseph, MI
  • Member since Apr 9, 2015
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User Stats

13
Posts
5
Votes
Cassandra J.'s profile image
Cassandra J.'s profile image
Cassandra J.
  • Investor
  • from Saint Joseph, MI
  • Member since Apr 9, 2015
Connect
Cassandra J.
  • Investor
  • Saint Joseph, MI
5
Votes |
13
Posts
Private Lending & Conventional Mortgage Advice

Land Contracts & Lines of Credit

Cassandra J.
  • Investor
  • Saint Joseph, MI
Posted

Greetings BP!

I'm starting to learn of more ways to structure land contracts and I'm hoping you can enlighten me on one angle:

I was recently made aware of a contract structure in which the buyer can eventually get bank loans or lines of credit against the property. Is there a term for this type of contract? What are the pros and cons for buyers and sellers?  

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