Updated over 3 years ago on . Most recent reply
Land contract deal
Buying a mobile home park on land contract do you guys have any advice on how to stay protected in this deal. Any advice is greatly appreciated!!!!
Thanks Guys,
Corey
Most Popular Reply
Steve Vaughan
#1 Personal Finance Contributor
#1 Personal Finance Contributor
- Rental Property Investor
- East Wenatchee, WA
- 16,130
- Votes |
- 10,262
- Posts
Steve Vaughan#1 Personal Finance Contributor
#1 Personal Finance Contributor
- Rental Property Investor
- East Wenatchee, WA
Hi @Corey Woodruff. A big way I would protect myself is to use a Note and Deed of Trust or Mortgage as my seller-finance medium. Land Contracts stay in the sellers name until they are paid off.
The other is a ton of DD prior to purchase. Good luck!