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RE Many times the price isn't the biggest issue. It's all in the terms. We could go to the banks and refinance our 2 Vendor Finance properties without penalty.We don't want to.We are happily paying 7 % for the entire amort, and we could get a mortgage for 4.39% or a vaiable for 1.75%. We...

Kristine, There are ways to word any contract to make it legal and enforcable. We had our lawyer write up the contract, we just told him what we required. Our mortgage company knew we purchased these properties as a rental.Until the day our tenant completes the "Purchase and Sale "...

Exactly. We have purchased 2 properties using Vendor Finance.It is the same owner for both properties.The Vendor hadn't really considered it, and we offered full price.The first property was on the market for 2 + years. He asked for a certain percentage as a downpayment.We offered him higher...