- Johna212Member@johna212Join Date: 2012Post Count: 1
Im fairly new at this so all help would be appreciated. ive been thinking if I was to put a deposit on an undeveloped block through a developer then sell it before the finance settles, do I draw a new contract for the new price? and keep the old one? Otherwise the buyer would know the price I purchased it for and hence not buy…no action has been taken this is just for my knowledge…thanks guys
JohnPaul DobsonParticipant@pauldobsonJoin Date: 2003Post Count: 1,196
Welcome to the forum. I hope you enjoy your time here.
As you are fairly new I'd suggest you have a good read of the information on this website about flips. It's at:
I believe it will answer your questions.
Cheers, PaulRental ProfitsMember@rental-profitsJoin Date: 2008Post Count: 28
Be careful with this John
Do your research, if you cant sell it you will have to be able to settle on it
I wouldn’t do one of these by yourself unless you have a great mentor holding your hand through the process
I would also be looking at using a deposit bond if you were to proceed, however there are a few hurdles you need to get through before you contemplate buying