Flipping using land contract for financing
I’m acquiring my second flip but differently then my last so. I’m using a land contract to take possession while I use my own money for the remodel. The price is $26,000 I’m putting $1,200 down, no interest, monthly payments of $400, balloon payment at the end of one year. I’m in Michigan and wondering if anyone has a good land contract I could use as a template or if anyone has any advice when doing this.
I do know he owns it outright.