All Forum Posts by: Account Closed

Hi, this is my first post and my first land flipping deal.

I'm an American citizen living in the Philippines. I want to buy a foreclosed lot from the bank by paying cash in full. But PH does not allow non-citizens to own land.

So how should I ask the bank to structure the contract? Purchase option paid in full upfront? Lease option paid in full upfront? Sales contract?

I can record a lien (option), but not a title transfer. Should I ask the bank to sign the title and give me physical possession so I can give it to my buyer after I flip it? Any other ideas?

Thank you,

Greg