West Branch
5 year old buck +
How many people here have experience buying or selling land with a contract for deed? Good, bad or in between I am interested in hearing about it. I would be on the buying side of any transaction that may happen.
Do you do payments over set period like 5-10 years or do it with a balloon payment after 3-5 years?
I have heard some people say that MN has an interest rate requirements for contract for deeds but it looks like that isn't the case based on my research. It would basically be whatever the 2 parties agree to.
What else do you consider?
Do you do payments over set period like 5-10 years or do it with a balloon payment after 3-5 years?
I have heard some people say that MN has an interest rate requirements for contract for deeds but it looks like that isn't the case based on my research. It would basically be whatever the 2 parties agree to.
What else do you consider?