Advantages/disadvantages of buying on contract for deed?

Question

Is it a bad idea to purchase a rental or a flip on contract for deed?

What should I be aware concerning the contract itself?

As a noob investor, is there anything else I should now about CFD?

Wayne Brooks · Answer

The seller could get additional mtg.s, liens, judgments against the property and not be able to give clear title. You hit a rough patch in your finances, the seller cancels the contract, you're out.

Advantages/disadvantages of buying on contract for deed?

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