Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 5 years ago on .

User Stats

30
Posts
4
Votes
Vijay Jain
  • Investor
  • San Jose, CA
4
Votes |
30
Posts

Questions for 2 land Parcels in California

Vijay Jain
  • Investor
  • San Jose, CA
Posted

Hi Fellow members need some help with my situation.

I bought 2 parcels of 1.4 acre each next two each other (let's call them A and B) under my LLC in California.

On Lot A 2 years back I partnered with a real estate agent and transferred him Lot A (for free so he can get a loan under his name ) and put my llc lean (it is recorded) so he can get a private loan to build home on parcel. Now he has built the home and is unable to sell for the last one year (my name is not the private Loan he got) . Now I am worried about how I can get money for my land. I have email trails for all communication though.

For Lot B also I have a question. I was trying to sell it separately and the buyer backed out for some reason a day before closing , can I keep earnest money?