Results 1 to 2 of 2
LinkBack URL
About LinkBacks-
12-24-2006, 01:05 PM #1
Renter
- Join Date
- Aug 2006
- Posts
- 3
Condo Development or Straight Sale
I own a jetty front property in Washington State. It is zoned for up to seven condo units. I would like to build them instead of selling the raw land, but financially won't be able to for at least two years.
Is it a feasible idea to bring in an investor to front the construction on my lot, then split a larger amount after the sale of the condos? Or is it a bad idea to get involved with another party? I own the property outright and would only be interested in known reputable parties whom I could investigate first. Or should I just wait?
Thanks, Jim
-
02-05-2007, 06:53 PM #2
Fixer Upper
- Join Date
- Feb 2007
- Posts
- 17
I would wait, never liked the idea of having partners. Even if you investigate them something can always happen.
Reply With Quote
Bookmarks