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Updated 12 months ago on . Most recent reply

User Stats

8
Posts
1
Votes
Daniel Cerda
1
Votes |
8
Posts

land contracts and contract to deed

Daniel Cerda
Posted

Hello my name is Daniel Im interested in a house that the seller is selling with a land contract. I would like to know if  there is a way that I could sell the house before it is completly paid off. I have been told that with this type of contract as a buyer I don't get the deed to the house until it is completly paid off. I want to buy it as a rental property keep it for a few years then sell it. I read some where that I could sell the house to a 3rd party if I do a double closing and pay the owner what is owed to him and take my profit at the same time. I wanted to know if anyone has done this before. 

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