I have a chance to get in on a new development with very little money down. My plans are to purchase during the first phase and sell for a profit after the completion of the last phase.
Question: After reading the contract it states that the developer requires the owner to occupy the property for one year. Does this mean that I can not sell the property for one year? or that it can’t be rented out until after one year? If anyone ran accross this claus can you clarify this for me.
Thanks