Bonaro
Hero Member
- Aug 9, 2004
- 977
- 2,213
- Detector(s) used
- Minelab Xterra 70, Minelab SD 2200d, 2.5", 3", 4"and several Keene 5" production dredges, Knelson Centrifuge, Gold screw automatic panner
- Primary Interest:
- Prospecting
I met a guy online about a year ago. After talking I agreed to let him pan on one of my claims. All went well.
Recently he contacted me and wants to buy the claim on payments. He is offering a contract at a decent price and payments over one year. I would keep ownership until paid in full and if he skipped a payment he would forfeit any money paid forward. He would have use of the claim during the contract.
I have a hard personal rule against taking payments for property but my past experience has been in selling cars. In this case I would hold possession until paid so I am looking at it as a rent to own type thing.
I am considering this because it seems like my risks are low...Opinions?
Recently he contacted me and wants to buy the claim on payments. He is offering a contract at a decent price and payments over one year. I would keep ownership until paid in full and if he skipped a payment he would forfeit any money paid forward. He would have use of the claim during the contract.
I have a hard personal rule against taking payments for property but my past experience has been in selling cars. In this case I would hold possession until paid so I am looking at it as a rent to own type thing.
I am considering this because it seems like my risks are low...Opinions?
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