Land Contract deal, fear of going through with it....

[Mubasher Riaz]

Heres the real estate deal:

Property is hour an half drive from where I live in Michigan

All in for $16K, re sell on land contract for $25K

Buyer agrees on putting down $1200 and paying $500 a month until the end of this year and next year will pay $3000 from tax return on top of $500 a month rent which gives me a cash on cash return of about 78%. All utilities, repairs, taxes, insurance, maintenance covered by buyer.

Called my mentor, he told me don't do it.

What do you guys think about this now? Deal or no deal