land contract buying
I am new to investing, and would like to know if I buy a property on a land contract that is rented out, and then lose the renters for whatever reason will my credit be ruined? Also, what is the difference in the price of insurance for landlords?
Most people who offer a Land contract, in my area, don't report to the credit bureau, but renters move every day. You should have some reserves for that case to cover your mortgage payment until you can find a new tenant... at a higher rental payment.
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