Land contracts

[Kevin Tyra]

Hello... I have 3 single family rentals and cash flowing 450 each a mnth. Looking for advise or pros and cons in doing my next one as a land contract. Any advise would be great. Thanks

[Bill S.]

@Kevin Tyra are you going to be buying on a land contract? I have looked into this. Personally I decided not to do it. Too many ways to lose out if the seller is not 100% honest. Why not just have them do seller financing? IMO in most cases land contracts are offered by sharks looking to increase their income from a property and they have no expectation to actually convey title to the purchaser. There are exceptions but in general that's the way it goes down.