Land Contract Partnership

Great case study for you today.

Did you know in Michigan land contracts are becoming the "in" thing. Heck, everywhere they are going to become the "in" thing with banks holding back on financing homeowners. Check this one out!!

Meet Dr. Smude, a seasoned investor who owns 17 rentals in Metro Detroit. He is interested in doing some land contracts, is not familiar with the process, and doesn't want to land contract anything existing. We introduced him to what we called the "Land Contract Partnership Program" LCPP. An investment model (trademark pending) that gives him 50% ownership of the payment stream and the balloon payment in 5 years. Furthermore, the entire contract is assigned to his IRA. He has asset protection, liability protection, and secured.

Dr. Smude buys 50% of a contract in a suburb called Redford. His investment, $15,000.00. His return: 50% of all 60 monthly payments at $600 a month ($18,000) and 50% of the $24,000 balloon. ($12,000). Effectively, Dr. Smude has doubled his money in 5 years and been in control of the investment the entire time!

 Way to go Dr. Smude