I want to buy homes with a contract for deed. Then resell the property. How can I do this?
Under a contract for deed, the buyer makes payments to the seller. The seller retains ownership until all the required payments are made. This means that ownership has not yet transferred to the buyer.
As your buyer, I would be skeptical that you want to sell something that you don't yet own. There could be a multitude of potential problems that may prohibit the easy transfer of ownership.
Talk to counsel familiar with the real estate laws in your state to determine what clauses you may be able to include in a contract for deed agreement that would ensure a transfer of a clear title to a new buyer. Bank lenders don't particularly like contracts for deeds because there are often delays, roadblocks and deal busters that make these cost ineffective. Be prepared for "whatever can go wrong, will" especially in this real estate environment.
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Under a contract for deed, the buyer makes payments to the seller. The seller retains ownership until all the required payments are made. This means that ownership has not yet transferred to the buyer. 