I want to create a "Country" Subdivision with Amenities, Recreation and Sponsored Partnerships with Micro-Farms producing Food Shares for Lot Owners. can I legally take Presale Lot Deposits from an established number of purchasers to use as a Down Payment to purchase the Land and then develop and complete the Lot sales? The plan is to require both Lot Deposits and proof of individual Loan approval on the future Lots. Once purchased I would survey/ subdivide/ install electric & then complete individual Lot purchases via the pre-approved Loans. Any help or advice is appreciated.
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