Buying on Contract for Deed
Hello everyone, I am relatively new to real estate investing and have 3 SF rentals currently in the St. Louis metro area. My question is actually regarding my primary residence. There is a house offered on a Contract for Deed in the area that I would like to move into. I have a traditional mortgage on my primary residence and was thinking of renting that out and moving into the house that is contract for deed. I am concerned about not having the deed in my name while living in the home. What happens if there are issues when the contract is fulfilled? Makes me a bit nervous, has anyone done anything like this before with success?
Thanks all!