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Re: Contract for Deed
by Barron
on April 3, 2010 @22:37
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Don't rely on internet advice. Talk to an accountant about when you are responsible for capital gains, etc. Good luck.Most contract for deed tenants are just tenants when they can't qualify. Thinking of themselves as possible buyers usually makes them more responsible tenants because they feel they have a stake in the property, (if they have anything down or paid an option deposit). That is good. Extending the deal longer can cover you for the income and delay a sale.
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