There's times where I will walk the property before sending in an offer because it is a bank foreclosure.

Secured Debt: The land contract provides the seller with a secured debt, which can be a valuable asset.Risks for Sellers: Lack of Payment: If the buyer fails to make payments, the seller may face delays in recovering the property.

They will often ask for two months of bank statements to check on status of funds.

Took him years to get the approval because of opposition from a neighborhood association that a lot adjacent to a residential area will reduce property values.As others have mentioned, if it's just a matter of getting loans, I rather shop around for banks that would do it.

Bank - used another property with equity to minimize my down payment to $5,000.00 How did you add value to the deal?

There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.

Failing to make decisions leads to failure. 

This is a very broad question but to give a general answer, the reason why they exist is to finance properties that won't fit the typical bank credit box.

IF you cannot get a copy of the lease, then she would need to show a bank statement from when she made it and prove it was that amount.What document do you have that shows she gave $850?

I just came from the bank to open a bank account for the newly formed LLC that will hold the property I am purchasing.