Posted by Michael Morrongiello on March 22, 2001 at 11:09:34:
As the exchangors like to say you don’t sound like a “taker” for this land lot to hold for long term.
If you are looking to buy low and then re-sell at a higher price, then you need to make sure you are buying this lot “right”. Is a purchase price of $10K a substantiatly below market price that will allow to mark up the lot upon resell to a “retail” buyer? If there is little “spread” here then this is not the type of deal to make quick cash profits on…
To your success,