Posted by Dr. Craig Whisler CA NV on August 27, 2003 at 13:56:31:
… more useful ones might be: What is it worth as opposed to the asking price? Only the answers to these 2 questions will indicate whether you should buy it or not.
If you intend to resell it also keep in mind one VITAL point in THIS deal. If if is on a permanent foundation you should be easily able to resell it for ALL CASH in this market. You can work for less $ profit and still get an extremely high % return on your money when quickly flipping for all cash.
A quick flip $5k in cash will be a thousand times more profitable that 10k profit over 2-3 years Lonnie Style, even if that works out to 150%-200% roi.