Updated over 4 years ago on . Most recent reply

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

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 :)