You will come across many different situation types within many different transactions as a creative investor and our primary focus will be "Contract for Deed Investing".

A top investor is always earning and seeking for more information and new ideas on how to make each transaction profitable. A top investor will utilize every possible resource like other real estate professionals, new technology, staying up to date with the latest market trends, and is organized.

The Land Contract also known as a Contract for Deed or in some parts of the country, Installment Contract is designed as an agreement between the Seller and the Buyer for the purchase of real property in which the payment of all or a portion of the purchasing price is deferred. They can be created on or used on most types of property: Residential, Land Only, Mobile Home with Land, Commercial, and other Mixed Uses.

The purchase price may be paid in installments over the period of the contract, with the balance due at maturity. When the Buyer completes the required payments, the Seller must deliver valid legal title by way of a deed. During the period of the contract, the Buyer makes installment payments on the purchase price and is entitled to possession and equitable title to the property. The Seller holds legal title and continues to be liable for payment of any underlying mortgage or loans.

The Buyer may assign and convey his/her interest in this "Contract" or any part thereof provided, however, that such assignment or conveyance should not result in any impairment of Seller's position. Under no circumstances shall any assignment or conveyance release the Buyer from obligations under this "Contract" unless the Seller specifically releases the Buyer in writing.

A contract for deed sale will allow you to collect interest payments, which are generally more than you could collect in rent.