Posted by Rob (NC) on January 24, 2002 at 19:21:32:
This does not appear to be a Lonnie Deal. Way too much money involved for a decent profit. Also- it appears to be overvalued, is the land included?
I have never done a Lonnie Deal, but I have read a lot here and Lonnie’s books. My advice to you is not to do a single deal without reading these books. Deals are everywhere, don’t think you have to act on this one or never. Read both books, twice, then again, and then DO IT!!
Hope this helps- I am sure others will be much more helpful!