Posted 5/15/2019 06:56 (#7498088 - in reply to #7497863) Subject: RE: Land contract do's and dont's?
I bought a place like that. Gave the landowner a "life estate in the House & garage" Landlord is responsible for minor repairs. I make 5 $50,000 payments on a Contract for deed. Landlord stays under $75000 income , got the farm from parents years ago, no taxes on the Capital Gains .