Guys welcome back to another video in this creative financing series another one another one yes pace you're the best thank you so much Pace has blessed us with his presence here to really explain creative financing at a whole new level and basically A to Z everything from how you structure these deals when it makes sense to acquire when it makes sense to exit using creative financing a lot of like zero down how to really bring in other money if you need to where it's not all covered through the creative financing so really amazing thank you again Pace we've created a playlist with all these videos so check that out try to go in order because we're gonna we're gonna kind of release these and position them in order but this video is really important because it's utilizing one of the top creative financing strategies called executory contract contracts yeah and these are these have a bunch of different names so maybe we can list off the different names because based on the state you're in it may be called something and so pace is going to kind of like help you understand the big picture and then why this is such a valuable will create a financing strategy it's guys it's so absolutely powerful I'll give you guys a couple of really good stories but an executive or contract is actually not what your title company or your closing attorney is going to know it by they're going to know it by what their individual State calls it so Arizona's agreement for sale Texas is a land contract or a contract for deed in Florida it's a contract for deed or sometimes land contract depending on the title company Michigan it's land contract land contract...
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About Land Contract Indiana
A land contract in Indiana is a legal agreement between a buyer and seller for the sale of real estate, where the seller finances the purchase for the buyer instead of the buyer obtaining a traditional mortgage from a bank. Under a land contract, the seller retains ownership of the property until the buyer pays the full purchase price. In a land contract, the buyer makes regular installment payments to the seller, which typically includes the principal amount and interest, as agreed upon in the contract. Once the buyer completes all the agreed payments, the seller transfers the property's title to the buyer. Land contracts may be suitable for individuals who may not qualify for a mortgage due to various reasons such as poor credit history, lack of a substantial down payment, or self-employment with an unstable income. It can also benefit sellers who are looking to sell their property quickly or want to earn regular income from the property while retaining ownership. Buyers who prefer a more flexible financing option or sellers who want to expand their pool of potential buyers might opt for a land contract in Indiana. However, it is important for both parties to carefully review and understand the terms of the contract before entering into such an agreement, as it may have specific provisions regarding interest rates, default clauses, and other important terms. It is advisable to consult with a real estate attorney or professional before entering into a land contract in Indiana.
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