there is a piece of property I want to acquire but I don’t have the funds at this moment. The reason I want to buy it is because there is a huge retail center going in. but that is not common knowledge. I have a friend who told be what is happening because he is the one doing it. How can I structure the deal or tie up the property for a period of time. Can I get the owner to subordinate the lands. How does that work exactly?
One idea is to buy an option on the land if the owner is willing to do that. It could potentially cost you much less than buying the land outright and worse case you only use your option fee if it doesn’t pan out.