land is going commercial
have to tie up his property at a certain price for 5 years.
Best case scenerio, you have an option to buy the property at $500,000 that cost you $5,000 (if he accepted 1% as the option fee). The shoppping center gets approved and/or built over the next few years increasing the value of Nike Air Force 1 Pink And Black
You will usually need at least some money to put down (1% 2% Minimum) otherwise what incentive does the owner Nike Air Force 1 Low Lv8
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In your example, you would approach the owner of the adjacent property and offer him Nike Air Force 1 Kids' Shoe an option to buy his land at $500,000 and the option would expire in 5 years.
If he accepts the option, you definitely want a lawyer familiar with option purchased to draft the agreement so you dont get burned.
The way you would tie up a piece of property with little or no money down is to purchase an option to buy the property at a fixed price for a set period of time.
the property to, let say $1,000,000. You can list the property as an " interested party" because you have an option contract on it and hopefully you sell it for $1,000,000, pay him the $500,000 you agree to, and walk away with the difference.
an ideal world, you make $500,000 with $5000 down. Not bad if it works.
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