Posted by Michael Morrongiello on January 29, 2001 at 17:58:07:
What is owed against this property by the sellers?
What type of cash do you have to risk and put down towards this land purchase?
Are your sellers of the land willing to finance you on the sale of the 110 acres to you and then let you market the lots for sale, obtaining “release clauses” for each lot sold when you pay down some of the balance due to them?
If the sellers really want more cash than your down payment will provide, then we can discuss another option that can generate that to them as well.
This is one way to consider going.
To your success,