Posted by Ed Garcia on September 15, 2003 at 10:38:31:
I?m sorry to say that you haven?t given us enough information. For starters, you don?t tell us the motivation of the seller. That?s your starting point in this deal. You need to break bread with the seller and find out what their intentions and needs are and TIE UP the property. You need to work the seller for TIME. If you can?t raise the money to purchase, then how are you going to find the money to subdivide the property?
We need to know more about you and your circumstances. At this point with what little information you have given, I would suggest finding a partner to do the deal. A half deal is better than no deal. If you had the property tied up then you might approach the buyers who would be interested in buying from you. You have to be careful of circumvention.