Posts

Buying & Selling Land Notes

globalgal profile photo
  • Tuesday, July 13, 2004 @ 05:29 AM EDT
  • 2 Comments
If you purchase land wholesale for 15,000 on a note with 150/mo payment , can you then sell the same land on a note and retail for 25,000 with a 250/mo payment? I'm new to this and trying to figure out how to make a cash flow using land notes. Thanks, Deb :-)
  • (2) Comments
  • Score(0)

Comments(0)

  • myfrogger
    myfrogger10th July, 2004
    0
    Reply

    In theory yes, but I am not sure what bank will loan money on a house when you do not technically own it. I know that leasehold is common in some areas (NYC).

  • globalgal
    globalgal10th July, 2004
    0
    Reply

    What if neither plans to build a house before the land is paid off or the deal is structured that the land has to be paid off in full before building?

    Thanks,
    Deb

Please Sign In to Comment.