In Your Personal Opinions, Why Is Selling On CFD...(m)
more appealing than selling on L/O? I know you can get more of a down(hopefully) but the downside is if you have to get your buyer out you'd have to foreclose in some states unless you use Cash's method and offer them money. So with the potential of having to foreclose as opposed to an eviction with L/O, what makes CFD the preferred method of selling?
I'm asking because I'll be marketing a property in a week and I want to start off on the right foot from the beginning.
quinn
Just a couple of offerings from me on this one. I think you'll find that the CFD is more apt to buy the property and cash out the existing financing if you look into the two statistically.
There is a large section of investors that consider L/O'ing little more that glorified landlording. (No offense intended to anyone). If not done correctly, or if your tenant wishes to push the matter, you may end up foreclosing anyway if they get a sympathetic ear to consider their "equitable interest" in the property, even if your documents say otherwise.