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Updated over 1 year ago,

Pete Johnson's profile image
Pete Johnson's profile image
Pete Johnson
  • Member since Jun 11, 2021
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12
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1
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Pete Johnson's profile image
Pete Johnson's profile image
Pete Johnson
  • Member since Jun 11, 2021
Connect
Pete Johnson
1
Votes |
12
Posts
Innovative Strategies

Land Contract Advice

Pete Johnson
Posted

Hello, I own a duplex in Michigan and I am considering a land contract.  I have a 100k mortgage on it, was selling for 140k with $17500 down, 6.25% over 5 years.  Is this a good idea?  the potential buyer keeps referring to a wrap deal and I don't even know what that is all about.  Is there anyone that can give me some guidance on this? ...........greatly appreciated.

Ann Arbor, Michigan
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