All Topics / The Treasure Chest / WRAPPING LAND???

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  • Profile photo of hilaryhilary
    Member
    @hilary
    Join Date: 2002
    Post Count: 146
    May 9, 2003 - 12:37 am

    Has anyone done this? Should be possible???
    Any thoughts on this, pls.

    Thinking outside the square here.[:O][:O]

    Profile photo of ADAD
    Participant
    @ad
    Join Date: 2002
    Post Count: 636
    May 9, 2003 - 4:22 am

    Why not, all you are doing is providing finance. You could wrap a car if you wanted to. Go for it Hilary. The only thoughts to explore is what happens if they default to you when they have built a house on the property ??

    Enjoy
    AD [:0)]
    (Andrew)

    “”Imagination is more important than knowledge. Knowledge is limited. Imagination encircles the world.”
    Albert Einstein

    Profile photo of hilaryhilary
    Member
    @hilary
    Join Date: 2002
    Post Count: 146
    May 9, 2003 - 4:56 am

    Don’t think you could let them build, as any building belongs legally to the owner of the land. It would simply be a starting point for someone to get equity before getting a regular loan.
    hmmm this has started (continued?) the brain ticking[;)][;)]

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