We are South East Michigan's premier group of investment companies with seller financed , Michigan real estate. Flexible programs are available for any buyer.
  land contract and rent to own options
Low downpayments.No credit or low credit OK.
No middle-men, no waste of your time & money, you are dealing directly with the sellers and their financing.

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Latest Listings Click the Pic Detroit W, MI Detroit W, MI Detroit W, MI PONTIAC, MI Detroit W, MI PONTIAC, MI WARREN, MI WESTLAND, MI INKSTER, MI Detroit W, MI PONTIAC, MI PONTIAC, MI PONTIAC, MI INKSTER, MI DETROIT E, mi SOUTHFIELD, MI PONTIAC, MI PONTIAC, MI INKSTER, MI Detroit W, MI PONTIAC, MI PONTIAC, MI PONTIAC, MI Detroit W, MI Detroit W, MI PONTIAC, MI Detroit W, MI HIGHLAND, MI Pontiac, Mi Detroit C, mi

Realtors- Why wait for a mortgage - we close our low or no down Land Contracts fast.
Investors- Sell on Land Contract- sell us the land contract for hard cash.
Mortgage Reps- Can’t yet qualify your prospect ? Let us move them in one of our homes on Land Contract until they can qualify - any of our homes can be purchased on Land Contract - We will season the buyer in the Land Contract until you can refinance them.
private buyers- Can’t get a mortgage yet-but you want to buy now ? We can get you into one of our homes on Land Contract and help you to obtain your refinancing down the road.

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previous sales samples :
land contract                       rent-to-own                          rent-to-own
   

Proudly brought to you by : Land Contract Equities Inc. , Bay Creek investment , Letola Bay LLC , Opeo Timon LLC , Pump Station 2 LLC , qmj homes LLC , ragland rehabs LLC , jordan bay LLC , lcbuy LLC , River Bay LLC , Debt Force One LLC.

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Land contract (a.k.a. contract for deed or "installment sale agreement") is a contract between the owner of the real property (called the "vendor" or the "seller") and a person who wants to buy the property (the "vendee", "contract purchaser", "purchaser" or "buyer")for an agreed-upon purchase price. Under a land contract the vendor grants equitable title to the vendee (which consists of virtually all rights and benefits to the property), and the vendee agrees to pay the purchase price to the vendor over time, usually in monthly installments, by a certain date. When the full amount of the purchase price is paid, the vendor is obligated to deliver legal title to the vendee by an actual deed, and upon delivery of the deed, the vendee owns equitable and legal title to the property.
Equitable title, for all intents and purposes, makes the purchaser the "owner" of the property. There are several "land contract friendly" states in the US, while other states make it extremely difficult to sell or purchase real property by means of a land contract. Michigan is a "land contract friendly" state and has a long history with land contracts. It is estimated that about 18% of all real property (residential & commercial) in Michigan transfers by way of land contract.
It is common for the installment payments of the purchase price to be similar to mortgage payments in amount and effect. The amount is often determined according to a mortgage amortization schedule. In effect, each installment payment is partially payment of the purchase price and partially payment of interest on the unpaid purchase price. This is similar to mortgage payments which are part repayment of the principal amount of the mortgage loan and part interest. Often a Vendor will also collect 1/12th of the estimated property tax payments with every monthly installment. The Vendor will then pay the property taxes when they become due. It is a way for the Vendor to make sure that taxes are paid and do not create a lien on the property.
Closing costs, prepaid items, and other fee's are typically a lot lower when purchasing real property through Land Contract. Most all of the costs paid at closing, directly benefit the purchaser in one way or form. Compared to a mortgage loan which typically has a lot of 3rd party fee's to be paid by the buyer, the land contracts are a popular alternative to lower cost of ownership and to create low or no out-of-pocket closing cost transactions.

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