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Updated over 1 year ago on . Most recent reply
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How often do tenant buyers actually buy the property?
Hello! I am interested in offering owner financing on a Land Contract, interest rate locked in for 5 years. My question is- how often does a tenant-buyer find alternate financing? In other words, what are the odds of me getting the full 5 years of payments? Thanks!!
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Good Day.
Not very often in my experience. If they do not qualify for traditional financing, chances are slim that they would qualify for alternative financing. Especially in todays market...