Hey all, have been investing here in Texas over the past year and have done picked up around 10 properties, selling them all for cash. Recently, however, I have become very interested in terms properties. It seems like here in Texas, you can sell a property on financing, but the deed will go into the buyer’s name and you would hold the note like a bank. I really like the sound of the Arizona land contract that Jack and Jill have talked about on the podcast. My understanding is that you have the contract and don’t deed the property until the full amount of the terms have been paid.
My only concern is just that because of the successful mail campaigns of Land Academy members, the market in Arizona might be over-saturated as far as cheap rural land is concerned. I might be entirely off base with this, but my question was has anyone over in Arizona sold properties on very friendly terms (I.e. $99 down, $99 a month), and if so, have you found it sells quicker than all cash?
Additionally, has anyone sold properties on terms in any other states that you can do a land contract similar to Arizona?
I appreciate any response or any opinions on this!
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