How Does A Land Contract Work? (Contract for Deed Tutorial with Rocket Lawyer)

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REtipster

Күн бұрын

Пікірлер: 44

@MusafirsSoul 2 жыл бұрын

As always! Best person to share tiniest details with such simplicity!

@Retipster 2 жыл бұрын

Thanks so much!

@wildmanofborneo 2 жыл бұрын

Hi, if the buyer defaults, what is the name of the court motion that the seller must file to regain physical possession (we already recorded the special warranty deed from buyer back to seller) ?

@MiguelExhale 4 жыл бұрын

Seth = The Man.

@LandAcademy 6 жыл бұрын

Great video, Seth! Thank you for sharing your knowledge with us regarding land contracts.

@BeatsPlanetMusic 8 жыл бұрын

Awesome service brother. thanks for putting me on. will sign up soon using your link

@BeatsPlanetMusic 8 жыл бұрын

searched around their doc section and couldnt find any creative finance docs like subject 2 or wrap arounds, only found lease options. shucks

@dialprospect 6 жыл бұрын

In this scenario you were the seller; however, is this a form what you would create as well for sending out all offers that were accepted via a purchase agreement? After the purchase agreement is signed, then you could send via notary a land contract?

@Retipster 6 жыл бұрын

I suppose you could - you'd just want to make sure all the language is written in such a way that you're still okay with it.

@thereallifeskater 5 жыл бұрын

@@RetipsterYou suppose...hmm..lol so what contract do you use when you're the one buying the property?

@gloriadouglas5968 2 жыл бұрын

Purchase agreement

@gloriadouglas5968 2 жыл бұрын

Land contract

@georgiaoboma5154 3 жыл бұрын

Can this contract be used for land wholesaling?

@Retipster 3 жыл бұрын

You'd have to clarify what you mean by land wholesaling. If you mean buying land very cheap and selling it with seller financing, yes... but you'll want to be sure you have an attorney prepare the first one in whichever state you're working in, to make sure it's got all the state-specific verbiage in it.

@ramirorodriguez2327 4 жыл бұрын

What are you guys using to collect monthly payments on seller finance deals?

@gloriadouglas5968 2 жыл бұрын

So true

@gloriadouglas5968 2 жыл бұрын

Collection be monthly

@gloriadouglas5968 2 жыл бұрын

Year's

@hapowoverhere7951 4 жыл бұрын

What kind of attorney would I hire to look at my raw land purchase?

@Retipster 4 жыл бұрын

I would google your state and city and the words "real estate attorney" and call a few of them to get their opinions. Most attorneys will give you 15 minutes of their time without charging anything.

@AUPackmule 8 жыл бұрын

Thanks again Seth. Another great resource for us followers. Your awesome.

@MusafirsSoul 2 жыл бұрын

Escrow account? Is it setup by you inhouse?

@Retipster 2 жыл бұрын

It could be. Or you could us a loan servicing company.

@Tim_Krause 3 жыл бұрын

thanks for the video Seth. Something interesting actually watch this video a year ago just when I was trying to absorb everything I could about land. But now that I'm probably a month or two away from actually using this information it's really great to be able to go over it again! Thank you for sharing.

@Retipster 3 жыл бұрын

Alright! That's what I like to hear! Glad it provided some help two times over. :)

@MusafirsSoul 2 жыл бұрын

Me too! Absorbing so much by going over multiple times & be ready to apply it probably in a month or less. Just gathering some "courage" to be ready for "self closing"

@bradleylappin6107 5 жыл бұрын

the uk isnt on the website??

@masoncanzoneri 4 жыл бұрын

What do you do if the parcel has no address?

@Retipster 4 жыл бұрын

Just refer to its parcel number and legal description (most vacant land properties don't have a registered address, so this is a pretty common thing).