Unsure Of Which Way To Acquire Property:
Have a property that is family owned, looking to purchase from other family member. They currently are under land contract. What is the best option to acquire the property with no $ out of pocket except possibly cashing out equity to family member.
ie-assume loan, wrap-around land contract, lease/option, etc.
There is a balloon on the property in 4 years, which shouldn't be an issue.
Ideas? Obviously want to make sure stay within legal aka on the upandup - routes
Thanks for any help!
Comments(0)