I need help with this lead? What should I do????? Help Please!

[Anthony Bell]

I got a call today from a seller who lives in FL and wants to get rid of his properties in MI. On the one Im most interested in he wants to do a land contract. Is there a way that I could assign a land contract? If not i was thinking a subject to agreement and assigning interest to my end buyer. Please help!

[Bill S.]

A seller offering a land contract sounds more like a shark. Most motivated sellers have no idea what a land contracts is and don't want anything to do with the property after the sale. Land contracts have so many things that can go wrong that most investors I know avoid them. I would think the value of an assigned contract for a land contract would be significantly lower than an outright sales contract.

Perhaps they are looking long term cash flow so you could steer them to owner financing which is usually much more desirable than a land contract. Owner financing transfers ownership and encumbers the property with a mortgage.