Posted by Sean on March 20, 2000 at 21:38:17:
Do you have $55,000 that you can do this with?
How long will it take you to get everything set up and sell all those lots? If the answer is 5 months, that’s a great deal. If the answer is 5 years I’m not that thrilled.
If you don’t have $55,000 lying around and you’re hoping to borrow the money what rate can you borrow the money at?