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Updated almost 4 years ago on . Most recent reply
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Wholeselling Land and flipping land
I have signed a purchase agreement and put earnest money down on land. The contract says I can assign this deal to someone else. My question is can I market to sale this land while I don't yet own it? I would be selling my "interest" in this land.
Thanks!
Most Popular Reply
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Is the owner under the impression you will show up to the closing table with the funds to purchase the land? I can't speak to the legality of marketing your interest in the land without the owner's permission, but I can speak to the ethics. Be transparent; tell the seller this particular parcel is missing the mark for your criteria but you have a network of investors you work with who would parter with you, fund the deal, and pay you out a fee at closing to cover your risk and marketing spend; the sleep well at night :)