Oh-Oh–New Update, as the Realty Turns - Posted by Ronald * Starr(in No CA)
Posted by Ronald * Starr(in No CA) on July 11, 2002 at 14:26:53:
You understand us sensitive CA men, don’t you?
Yes, I heard, with dismay, this morning’s estimate to clean out the brush and trees: $650. Ouch, Oh no. “Well that’s probably as cheap as you will get it done. He’ll take out all the stumps in the front yard. And remove the tree that fell over the house.” What!, sharp intake of breath, sinking feeling. Images of much money being extended to get a property into position to be a rental. Dismay.
Well, the happy thought. This is the first time this has happened to me, buying a property other than the one I thought I was buying.
Oh, wait, no. There was the vacant parcel up in Nevada County, CA, quite a few years ago. John Beck and I bought it together at the tax auction. It was very difficult to find, on some twisty, turny dirt roads. So, misreading the map, I saw a different parcel entirely. But the final outcome was ok. After holding it a year or two we sold it for something like three times what we paid for it. Later, I went to see it and there was a new house built on it.
Thanks for the editorial guidance.
Good InvestingRon Starr**