Re: special circumstances… - Posted by M. Osterman
Posted by M. Osterman on July 09, 2007 at 14:54:54:
Kristine,
I don’t know if you have John Reed’s book(s) “How to buy RE at least 20% Below Market Value” or not. But I was reading this morning about Ron Starr picking up property for pennies on the dollar, then selling them to others for a few thousand more. The premis being that “you can’t go wrong with RE”. I may look further into these “oddballs” to see if this would work. I have a few owner unknowns that the property is absolutely worthless. But if I put it on Ebay…well someone may just think it’s worth more than I paid.
Spoken like someone who has read the theory of how to so this, but hasn’t gotten out of the box yet.
When you zig and you should have zagged in RE, you will quickly find that you CAN go WRONG with the wrong piece of RE, or at the wrong price or with the wrong terms, etc.