How Can I Buy Subj To, Sell Improvements & Keep Dirt? - Posted by Soraya
Posted by Soraya on May 12, 2000 at 21:37:58:
Any ideas on how a person can buy property subject to the existing financing, sell the improvements and jerk the land. I like the idea of having a 99 year land lease.
I think you could record a land lease, sell with a short term wrap around loan with a balloon or do a lease option and then when the buyer exercises his option or refinances to pay the balloon, the land lease would go into first position. I know there are lenders out there that loan on leased land.
BUT IS THERE AN EASIER WAY.
I heard that A.D. Kessler and Robert Allen do this, I just don’t know how.
Thanks in advance for your input