InjectTruth
Active member
What do you mean the tax implications? You have to pay property taxes... A land contract is between you and the owner of the house, so nobody has to look at your tax return unless you let them... The woman who is selling me my house did no sort of background check on me. I gave her $5k, we drove around town for about an hour filing paperwork, and she moved out of state.
How did you find your seller? Restricted your search to sellers who owned their property in full? Can you explain the land contract a little more? Im familiar with the typical, get financing/buy house model, but this seems easier than even getting an apt. Ive got cash but no tax history/tax returns.