Posted by RR Smith on May 28, 2000 at 12:42:50:
There are so many variables that come into play, I am afraid to even give advice on this one. What I can say is you (just might) want to establish a connection with a good RE agent or RE lawyer to sell the property quickly. You can multiply the power of you cash funds by turning your profits over quickly. (In fact the fed calls this the velocity of money and keeps track how often funds turnover (from hand to hand, or deal to deal).) Many Re Habbers leave 8-10% on the table for the next guy (Bill and Betty Home Buyer) just so they can get at their money quickly.