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.
General Real Estate Investing
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 over 2 years ago on .

User Stats

14
Posts
1
Votes
Peter Pierzchala
  • New to Real Estate
  • Simsbury, CT
1
Votes |
14
Posts

Buying existing house with additional building lot

Peter Pierzchala
  • New to Real Estate
  • Simsbury, CT
Posted

I'm looking into a house to live in flip that comes with an additional second lot that is buildable. Both properties are listed on the same deed as parcel one and parcel two. To sell off the second lot, from what i understand, I'll need to pay off the mortgage used to buy both at the time of sale to make a clean title. Is there any issue with that strategy, like being in the middle of a flip and not knowing when the sale might happen? Is there a better way to separate out the two properties for a cleaner sale of the lot without messing with the mortgage?

Thanks for any help!