Lease Option or Seller Finance Vacant Land!!!
I currently have another vacant land under contract for $35,500. ( I am trying to wholesale the land). I received an offer from a buyer to purchase the land. He says he has good credit but his debt to income ratio is to high. (He owns Rental Properties). He said he can put $20,000 down on the property.
It sounds a lot like I could do seller finance or lease option on the land. But I am not sure how I would structure this with vacant land. Also the owner owns the vacant land outright!
Has anyone on BP structured a creative finance deal on vacant land?
@Seth Williams - Could you add any thoughts on how you would structure a deal like this? I know on the podcast you said you have not gotten into wholesaling vacant land, but have you ever structured a creative finance deal as the seller?