Posted by Carey_PA on June 26, 2001 at 09:33:53:
Yes you are right! I didn’t even think about selling by contract for deed. Well I did, but I was thinking more like 20% down because I’d rather folks get their own mortgage and cash me out or what have you.
Here’s my question to you: If I’m going to finance the purchase, shouldn’t I get more down then if I’m going to sell via a lease/purchase?
Can you please email me privately and tell me how this contract for deed business works, because I did have a buyer that definitely could afford the monthly payments BUT their credit was sh*tty and I couldn’t get them approved for the loan…