Need the right contract - Posted by Shane (N.C.)

import · April 12, 2004, 9:50pm

Posted by Neil (in MS) on April 13, 2004 at 23:46:21:

Shane:
If Greg can re-send as a zip file you might be able to retrieve them. My experience is that many times documents or spreadsheets are blocked if they aren’t compressed.

import · April 12, 2004, 9:50pm

Posted by Shane (N.C.) on April 12, 2004 at 21:50:19:

I just bought a doublewide w/ land for a couple of hispanics that work for me. I’m going to finance it for them. I have done a couple of deals like this before, but the lawyer handled everything. For this deal I wanted to do it myself. What kind of contract do I need to cover myself? Also, should I rent-to-own or owner finance?

Thank you, Shane

import · April 13, 2004, 5:51pm

Re: Need the right contract - Posted by Tarheel T

Posted by Tarheel T on April 13, 2004 at 17:51:04:

Shane,

You ask if you should rent to own or owner finance.

I favor rent to own, assuming that you are “selling” the land with the home. Taxes favor this arrangement as does ease of removal of the tenant/buyers if necessary. I usually get about 1,000 “down” and a premium rent (payment) while still remaining in control of the property.

For me this works as an alternative niche to straight rentals, not that there is anything wrong with straight rentals. In my opinion a straight rental would beat a true owner finance for many of the same reasons as a rent to own does(taxes and control).

Just the way that I see things…

Tracy

import · April 13, 2004, 7:14am

L/O or simple contract… sent both…n/t - Posted by Greg Meade

Posted by Greg Meade on April 13, 2004 at 07:14:52:

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import · April 14, 2004, 7:09pm

Re: L/O or simple contract… sent both…n/t - Posted by DonDe

Posted by DonDe on April 14, 2004 at 19:09:38:

Would appreciate your contracts.

Thanks.

Don

import · April 13, 2004, 9:22pm

Re: L/O or simple contract… sent both…n/t - Posted by Shane (N.C.)

Posted by Shane (N.C.) on April 13, 2004 at 21:22:17:

Thank you for sending the contracts, but my stupid e-mail wouldn’t allow me to accept the attachment. Is there any other way I can get those contracts?

Thank you, Shane