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Updated 3 days ago on . Most recent reply

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Josh Arnold
  • Financial Advisor
  • Fort Wayne, IN
3
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19
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Selling Property on Land Contract or Rent to Own or on a Promissory Note

Josh Arnold
  • Financial Advisor
  • Fort Wayne, IN
Posted

Ultimate Goal: Gain best return for investment. Trying to sell a property with the opportunity of Land Contract so to speak.

House has been completely gutted. Permits for electrical, plumbing, structural, new windows & doors. If I sell it outright on the market, not sure the gain after taxes will have been worth the efforts. Also, renting does not interest me at this time.

How do you go about finding potential buyers and qualified at that? 
Currently, have signs posted up, Zillow, Facebook, and NextDoor App. House is not in the most desirable neighborhood of the city.

Selling Price: $115,000 with min $10K down is what I am looking for. For those with experience, how do you structure a deal?

House sits on corner lot overlooking park, has large back yard and garage. It really is a nice little pad as I've come to like it myself with a lot of potential if someone wants to add on even more to landscaping and layout.

Most Popular Reply

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19,701
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Chris Seveney
  • Investor
  • Virginia
17,314
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19,701
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Chris Seveney
  • Investor
  • Virginia
ModeratorReplied

You mentioned house has been gutted, is it currently in a Livable condition? If not another option would be to try and partner with a contractor. But you'll be hard-pressed to find anyone other than an investor who was interested in this property if it is still gutted

  • Chris Seveney
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7e investments
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