A
alittle0
Guest
I am considering purchasing a new construction condo in downtown San Diego, overlooking our name baseball stadium with peak views of the bay. The building won't be completed until Dec. '06. I however, have no real intention of living there. I realize this is a gamble, but I'm betting on the SAn Diego real estate market to continue to increase, even if it does slow, to make it worth my time.
So my question is three fold:
1. Is it legal to flip a property like this in California?
2. Can I just sell the contract that I will have signed or will I need to actually go through with getting a mortgage, etc. and then sell it the "usual" way?
3. If this is legal, any advice on how to go about doing it?
Thanks for any help you can give..
So my question is three fold:
1. Is it legal to flip a property like this in California?
2. Can I just sell the contract that I will have signed or will I need to actually go through with getting a mortgage, etc. and then sell it the "usual" way?
3. If this is legal, any advice on how to go about doing it?
Thanks for any help you can give..