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Land contract do's and dont's?
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Badger
Posted 5/15/2019 06:56 (#7498088 - in reply to #7497863)
Subject: RE: Land contract do's and dont's?


Huntley Montana

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 .

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