Hey everybody,
I would like to know how you would structure a land contract for a property that is selling for 15k. The owner is flexible on terms but not price. Could this be done with no or low dp. Also how long would I have to hold before I can refi to do some rehab. Your thoughts and replies are greatly appreciated.
Thanks,
Michael
If your intent is to do a “land contract” refinance, you will need to hold it for 12 months. Make sure that all payments are made by check to show payment history and that the contract shows the option to purchase price/.