u/Next_Guard2878

▲ 2 r/RentalInvesting+1 crossposts

Land leasing

I was offered to buy my grandmother land worth 1.2m usd in vermont 20 minutes from jay peak for a low price.
I have found an investor that would like to rent it the land to build airbnb while the house stays untouched what would be the best thing to do I was thinking about doing a contract where lets say I have to pay 170k to buy the land and I sign a contract with the investor where he pays me this ammount upfront and then 1k$ per month for rent for 15 years. Im 20 years old so no I dont have the money to pay it off myself. Anyone has ever dealt with this type of deals Im looking for good advice!

reddit.com
u/Next_Guard2878 — 12 days ago