Contract Sale - Posted by Dilbert


#1

Posted by Mr Donald on November 12, 1998 at 11:23:46:

Huh?

> Is it possible to buy a property on contract…

Yes.

> …and use the property as a means of taking cash from a property…

If you do a lease-option, perhaps.

> …to purchase another.

Yes. But what exactly is your end game here, anyway?


#2

Contract Sale - Posted by Dilbert

Posted by Dilbert on November 11, 1998 at 23:29:58:

Is it possible to buy a property on contract and use the property as a means of taking cash from a property to purchase another?


#3

Re: Contract Sale - Posted by Bud Branstetter

Posted by Bud Branstetter on November 12, 1998 at 12:39:50:

If you are trying to borrow from a lender they will want the deed holder to pledge deed. Since you don’t hold the deed makes it difficult to borrow. Most anthing else is open. Lease/option, sell the contract, trade the contract for property you can borrow against are all fair game. How easy each one is to accomplish may be another thing.