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Updated over 3 years ago,
New SFH built on land. Land seller wants a percent of the profit.
Hi all,
Got a motivated seller with a half acre lot in a good location for new construction. He's asking too much for me to wholesale it, but he said he's open to an arrangement where he allows us to build a SFH home on the land if he gets a percentage of the profit once the land/home sell.
What is that kind of deal called? Are there any good resources/podcasts on that sort of thing?
Thanks.