Posted by NO MONEY, OR CREDIT NEEDED on December 11, 1999 at 13:22:29:
yes it’s legal.
Would you want to do it? Probably not. If it’s an investor, he’s probably taking all the possible profit.
Call him, ask him if he’s the owner. If he says yes, make sure he is (check it out at the clerks office). But most of all, make sure that the comps. are right.
If it’s a private dude, go sign a deal with him with a clause subject to showing the home to one of your many families (bluff if you don’t already have one.)
Sign the deal, then go advertise for a L/O family.
No money or Credit needed.