How To Buy Real Estate Using A Land Contract

How To Buy Real Estate Using A Land Contract is is video 3 in this 5 part creative financing series and on this video learn everything you need to know about structuring and buying real estate using a land contract or contract for deed

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5-Part Video Series: Creative Financing Strategies:

Video 1: Creative Financing Overview:

Video 2: Seller Financing:

Video 4: Subject-To - Coming soon...

Video 5: Lease Options - Coming soon...

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Jerry Norton went from digging holes for minimum wage in his mid 20's to becoming a millionaire by the age of 30. Today he's the nation's leading expert on flipping houses and has taught thousands of people how to live their dream lifestyle through real estate.

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[TerrisaVenus]

Thank you. I watched several videos about land contracts until I found yours. You answered my questions in a very logical, articulate manner! Keep posting!

[heroknaderi]

This video is very informative. My childhood home is currently a rental I know the owner. I’m planning on buying it back someday this method is something that will look into

[dianariley]

Thank you so must! Filing a Memorandum of Land Contract is GOLD! 😊👍🏾💯THANK YOU!

[renegadenightowlshomestead]

It’s so odd.. I just learned about the affidavit of equitable interest last week when I was called my the local register of deeds. You have been the first person I’ve seen talking about it for land contracts… in months of watching videos. Ima check out your series and subscribe!

[martinedwards]

Jerry, you're a flipping genius 👏🏾

[bingrapper]

You can invest in real estate at any point in your life! Knowledge is power and we can experience this beautiful existence with more fullfillment if we only learn

[jabernal]

can't wait for the other 2 videos!!

[anarsuazo]

Very informative video
Who pays the property taxes ever year

[homesellercashoffer]

Thanks man, really helpful and clear explanation.

[cortneymason]

Question? What are some websites to find places that are willing to do land contracts.

[Dirtbillys]

Do i need to have the house appraised? The reason i ask is the house need's work as, front back doors as well as windows need replaced ect. But is livable. Thanks Shawn

[chrisz]

Can you get a land contract for say 50k then sell it as if you're the owner for 75k a month later type of thing?

[lydiacutrer]

Hi Jerry. Where are the links to videos 4 and 5?

[reachforsomethingmore]

How do you make money on this property before you get the title?
Are the owners still raising in the property or is it available for now to rent out/ lease?

[Chopping-it-up]

Hello jerry I know this is an old video but Im about to buy a house under land contract deal and would like to know if there is anyway once I fix up the house and rent it if I could sell the house before I pay it off? Is there a way to do that with a land contract?

[scientificapproach]

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 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

[RaelonWhite]

What's the best way to refinance out of the land contract?

[shashgo]

Jerry, hey i see how using a land contract and regular seller financing Both benefit the investor and that the investor does not have to come up with a lump sum amount of cash, but beyond that, regular seller financing gives the investor title to the property and so the investor can rent out the place and get some cash flow which helps pay the seller. But Is is this possible in a land contact deal when the title does not belong yet to the investor? If not then isn't this a disadvantage for the investor

[AnytthinggGoes]

Jerry, Okay both a seller financing deal and a land contract are beneficial for the buyer and seller in terms of money, but with a seller financing del you actually get title transferred to the buyer so that the buyer is free to rent out the property to start building cash flow while making payments to the seller. However, in a land contract deal, title stays in the sellers name so the buyer cannot rent it out while making the payments. correct? So then a seller finance deal can only benefit the buyer who wants to buy and hold, while a land contract benefits a buyer if he is looking to do a quick flip, right?

[withdawind]

In a land contract, would get to use the tax benefit of depreciation?