Legal Question in Business Law in New Jersey
I know someone who has a piece of real estate and is asking $10 million. I also know someone who is looking to buy the exact same kind of real estate. They may pay more than $10 million. Maybe like $11 or more million. Is there a legal way that I can profit the difference of $1 or more million without actually buying it and reselling it? For example, assigning the contract or have an agreement with the seller that I can make anything over $10 million?
3 Answers from Attorneys
Yes, there are ways. However, insofar as you're talking about a multi-million dollar transaction, it is in your best interest to get legal advice and representation. I handle matters such as yours and I invite you to call me. 973-921-0600.
You would not be able to broker the deal without a license in NJ (or any state that I am aware of), but you can certainly enter into a contract with the seller and accomplish this. This is done all the time, but the seller has to be on board.
You should consult a lawyer to assist you especially given the extent of the purchase. Attorney Gartenberg says he has experience in this area, perhaps you should give him a call.
Kind regards,
Frank
www.LanternLegal.com
866-871-8655
DISCLAIMER: this is not intended to be specific legal advice and should not be relied upon as such. No attorney-client relationship is formed
yes, you can do this deal, but you have to do it right. and you need a smart lawyer.
so call me.
Robert Davies, Esq.
201 820 3460
Hackensack, New Jersey
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