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Updated about 5 years ago on . Most recent reply

User Stats

185
Posts
97
Votes
Maria Luna
  • Rental Property Investor
  • Altamonte Springs, FL
97
Votes |
185
Posts

Land contract purchase

Maria Luna
  • Rental Property Investor
  • Altamonte Springs, FL
Posted

Hello guys,

Help please!!!

I’m looking to buying a sf on a land contract. I’m ok with the terms, but never done this before. I only done conventional mortgages, but currently don’t have two year work history to qualify for another mortgage.

What are some of the things I need to be aware off or do? Home inspection/appraisal?? Do I need a lawyer to research the property deed for any posible liens?? I do have a real state agent assisting me with the process.

Any advice is greatly appreciated!

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