I'm sorry, am I understanding the use of land contracts?...
I find a property that has a high appraisal/equity value. Then place it on a LC, then can I quickly refinance it with a lender that does not require seasoning and payoff the LC and cash out immediately? Or immediately sell to a home buyer?
Please tell me how I could work this. I have no cash and bad credit. I'm trying get started in real estate
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showem88 1 year ago
I'm sorry, am I understanding the use of land contracts?...
I find a property that has a high appraisal/equity value. Then place it on a LC, then can I quickly refinance it with a lender that does not require seasoning and payoff the LC and cash out immediately? Or immediately sell to a home buyer?
Please tell me how I could work this. I have no cash and bad credit. I'm trying get started in real estate
sharonflew 2 years ago