Re: Learned A Cheap Lesson Today. =) - Posted by Ryan (NC)
Posted by Ryan (NC) on May 09, 2007 at 09:38:06:
I could probably fight this and win without much problem other than the ill feelings with the folks that must sign off on the permits, the county zoning allows for class A mobile homes which is basically a vinyl shingle DW with masonry underpinning. Lonnie once wrote “I’m like water, I take the path of least resistance.” That has become one of my philosophies in doing a deal.
It seems this particular township has adopted a zoning ordinance from the next county over that is essentially designed to eliminate SW’s. I do need to take the zoning guy to lunch to get the full story, I don’t agree with it but it’s a fight I’m not willing to fight.
I could probably do a modular pack or a stick built on the land and make pretty good $ but it just doesn’t interest me at this point, I might call one of the major SFH builders here and try to flip it…
This seller is land rich cash poor, he has quite a bit of land in the county and we rode around after leaving the attorney’s office to look at other lots that might work… found two decent improved lots in the RMU areas that he’ll sell for 9k (maybe less) and a pretty 97 28x48 3/2 DW in near mint condition on a 1/2 acre that he’s going to sell to us for 30k.
I’m a big believer that things always have a funny way of working out, this deal just wasn’t meant to be for some unknown reason. No hard feelings, no regrets, Next!