Quote:
Originally Posted by Strange Brew
The article literally states his goal “is to have multiple sites under contract”.
But executing multiple LOI’s with intent to only close on one? Again no reputable businessperson does this either.
|
Multiple sites under contract means that he has control over a number of sites.
Since it's no secret he's doing that, there is nothing disreputable about it. perhaps he's paid an option fee to do this?
My guess is that there is a ton of empty land in Arizona, and potential sellers are eager to sign up for even a chance of being a chosen seller.
If a seller enters into an agreement which doesn't bind the buyer to actually close, there is nothing wrong with the buyer not closing. It is done all the time.