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Buyer's Notice of Intent to Vacate and Surrender Property to Seller under Contract for Deed Virginia Form

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Buyer's Notice of Intent to Vacate and Surrender Property to Seller under Contract for Deed Virginia Form

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- Hey, what's up guys? In this video, we're going to talk about the land contract and how it works for real estate investors. Okay, let's get started. (cheerful music) All right, the land contract or another name for it is contract for deed, is an alternative to the installment sale. Now, if you're not familiar with these terms, I'll just break them down for you. When you're engaging in an installment sale, So if I was going to sell a piece of property in an installment sale to this buyer right here, what I'm essentially doing with my, my, my property, when I sell it to them is I'm acting as the bank on this deal. So this buyer will pay me money every month okay, just like you would on a mortgage, it would come back to me on a monthly basis. And so I'm carrying the contract essentially, when I sold this property on an installment sale. Now in this scenario in an installment sale, the buyer becomes the title holder

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