Posted 2/24/2017 07:17 (#5859608 - in reply to #5859434) Subject: RE: Contract for Deed
SE MN
It would go on your balance sheet, the land as an asset and the amount you owe on the contract as a liability.
You could also borrow against the farm, however lenders typically want a first mortgage so in that case the holder of the contract would need to subordinate their contract to the new lenders mortgage.
Contract for Deed
