I've been talking with a FSBO guy about his property. He wants 100K and after running the numbers and whatnot, I told him I would only be able to offer around 80k. He wasnt too thrilled as he's already made up his mind about the 100k. Then today he emailed me and asked if I would be interested in doing a land contract.
Im not familiar with a "land contract" -Can someone please fill me in?