Great video, if you have time, can you make a video about Sub To and Executory Contract (land contract) “scary” what if scenarios. For example: What if the seller files for bankruptcy? What if the seller tries to sell the house to someone else after you complete the transaction with them? What if they sue you years later because they claim you ripped them off? What if after the transaction the seller wants to buy a new home, but the original loan is still in their name? What if the seller dies, is the lender notified? Thank you
Do you offer consulting services? I have a house I'd like to sell in two years. It is currently vacant. Would a land contract/contract for deed work for me if I have a potential renter who might also like to purchase it? How would this be different from a lease w/ option to buy?
If a seller is accepting payments, which over the life of the agreement total say 1 million dollars. Can they sell the note that to an interested party at a discount for a lump sum? Thank you
Many investors have properties that won’t qualify for traditional financing due to condition etc or some sellers use land contracts as their primary business model as they have a 70% failure rate and usually come with high interest.
If you would like a FREE 45-minute consultation, you can request one here
👉 aba.link/zqv
So, helpful to set up the contract deliberately protecting both parties. Thank You for the video
Glad it was helpful!
FANTASTIC EXPLANATION CLINT , THESE AGREEMENTS DEFINITELY DIFFER FROM STATE TO STATE WELL SAID AND BROKEN DOWN !!🤝☮️🙏
Oz C
Thanks for watching.
Let's go coach you and Toby putting out great videos today as usual
Appreciate it!!
Thank you! Been trying to find content on this
You are on the right channel. 😄
Thank you Clint! You're always sharing such great information! 👍
My pleasure!
Clint, Thank you so much for the info. A whole lot of things I sure didn't know. Thank you so much!!
You are so welcome!
I will take my Texas Real Estate exam soon, and your video helped me a lot! Thank you very much!
Best of success!
Can you do a video on buying a home on land contract from a buyer stand point? Things that you would recommend putting in contract.
I will add it to the list. Thanks for the idea. :)
What type of insurance do they have to have
@ClintCoons did you?
Man your the best.
Great video, if you have time, can you make a video about Sub To and Executory Contract (land contract) “scary” what if scenarios.
For example:
What if the seller files for bankruptcy?
What if the seller tries to sell the house to someone else after you complete the transaction with them?
What if they sue you years later because they claim you ripped them off?
What if after the transaction the seller wants to buy a new home, but the original loan is still in their name?
What if the seller dies, is the lender notified?
Thank you
Great idea
Excellent info 👍🏾
Glad you think so!
SOLID!
Thanks
What happens if seller isn't putting buyers money towards the loan and property is foreclosed although buyers have paid
You would be entitled to proceeds if the property is sold at auction and not assumed by the lender.
How can I buy a piece of land with a fixer-upper on it I'm trying to get a place to live because I have cancer and I need a place to have
If selling land contract because you realitor say so full price it most likely rip for you for his buddy get deal.
Does this work in California? What are the risks?
Absolutely - same as what I covered in the video
Do you offer consulting services? I have a house I'd like to sell in two years. It is currently vacant. Would a land contract/contract for deed work for me if I have a potential renter who might also like to purchase it? How would this be different from a lease w/ option to buy?
If you would like a FREE 30-minute consultation, you can request one here
- aba.link/30minSession
I saw a video with an attorney saying it's illegal in texas.maybe certain circumstances?
I have not heard of that.
If a seller is accepting payments, which over the life of the agreement total say 1 million dollars. Can they sell the note that to an interested party at a discount for a lump sum? Thank you
Yes they can. Happens all the time.
@@ClintCoons Thank you
Chris Hansen of real estate
Who gets the tax depreciation? seller or buyer?
Buyer if state law looks at the transaction as a sale.
@@ClintCoons Thanks. So can be different from state to state
Why would a buyer get into this type of agreement? Could it be do to the buyer possibly not being albe to get a traditional loan?
Exactly.
There's always a market for duping the laymen
Many investors have properties that won’t qualify for traditional financing due to condition etc or some sellers use land contracts as their primary business model as they have a 70% failure rate and usually come with high interest.
Avoiding capital gains tax, avoiding realtor fees, some religious background don’t allow interest payments
Seems to me a potential way to strong arm people
Sounds like a whole bunch of bullshit. I'd rather just sell it for full price on closing day and be done.