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Owner Financing in Land Transactions
This chapter explores the concept of owner financing in land transactions, offering practical insights on breaking down land prices, using contracts for deed, and comparing the process to buying a house on a loan with the owner as the financier. It covers the benefits of owner financing for selling vacant land, managing risks, setting up strategic payments to prevent defaults, and adjusting down payments to attract serious buyers. The speaker details a real land investment deal in Costilla County, Colorado, highlighting the profit potential and emphasizing the importance of buying criteria like road access, holding costs, property taxes, and property size.
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