I have a question about selling a Land Contract that I would buy as my home. Can I turn around and sell this land contract a week after I bought it? I would sell it for more than I bought it for and it would not be sold again as a land contract. My plan is to buy a property on a land contract (say it is to be my home, but I will not move in), then turn around and sell the property right away; pay off land contract and pocket the profits. I am just wanting to make sure there is no legeal reason why I can not do this. I will be looking forward to hearing from anyone who might know anything about this.
Have a great day
Pattison
I have a question about selling a Land Contract that I would buy as my home. Can I turn around and sell this land contract a week after I bought it? I would sell it for more than I bought it for and it would not be sold again as a land contract. My plan is to buy a property on a land contract (say it is to be my home, but I will not move in), then turn around and sell the property right away; pay off land contract and pocket the profits. I am just wanting to make sure there is no legeal reason why I can not do this. I will be looking forward to hearing from anyone who might know anything about this.
Have a great day
Pattison