Updated about 5 years ago on .
Selling in MI on Land Contract
I have listed a 4unit in Lansing MI and have received several LC offers. What is a solid interest rate to offer in today's market?
Also both offers received have been seller finance through life of contract (15 and 30). Isn't it typical to only last 2 to 3 years with payments interest only or on 30 yr schedule with balloon at the end?