Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
Followed Discussions Followed Categories Followed People Followed Locations
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 almost 20 years ago on . Most recent reply

User Stats

10
Posts
0
Votes
N/A N/A
0
Votes |
10
Posts

Need Help With Pre-Construction situation

N/A N/A
Posted

Hi, Well heres the situation; A good friend went into 2 pre-constructions, and put down a down payment. He now is looking to get out cause he need his down payment back for personal finacial reasons. I have a house in the area where he has this Pre-construction deal and theres a good 20,000 diffrence from contracted price to market value..... Is there anyway being creative where i can buy his binding agreement contract... then Sell my contract while its under construction? Im trying to avoid all fees, and make the dividends. The house is worth 150,000 .... The contract price is 130,000. Even if i made out on 5,000 it would be worth it.

Please insight needed

Thanks
Joe

Loading replies...