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An installment contract or also known as a land contract is very much similar to a car loan if you're purchasing a house with an installment contract essentially you're making it an agreement with a property seller that you're going to pay them so much money every month and at the end of that term they're going to hand you the deed, so it's very, very similar to when you go in, and you buy a car you get financing the dealership they send your title over to the finance company and once you make that last payment about two weeks later you get that your title in the mail it's the same scenario when you're you're buying a piece of property on an installment contract this is a really excellent you know excellent strategy if you can get a seller to give you terms on an installment contract is a really great way to get the financing you need, and it's financed by the seller you can do this either for the entire purchase price of the property or for a portion of it you only have a certain percentage to put down you can put that down and do an installment contract or land contract with the seller for the balance, so I hope this sheds some light on your questions about installment contracts and best of luck and your real estate investing
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