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LaughingEyes · 05-26-2004, 10:41 AM

The big thing here is buying land and subdividing it. You can get 40 acre parcels for $20K, divide it into 5 acre parcels and sell each parcel for $20K. That's a nice profit margin. I know it doesn't make sense to buy 5 acres for the same price as 40 acres, but I found that alot of people don't want that much property. 2 - 5 acres seems to suit most people. We own 40 acres. We purchased it 3 years ago and it is now worth twice what we paid for it. Found several 40 - 60 acre parcels for $10K - $15K. Considering purchasing a few of those and subdividing them. Since most of these properties are on an OWC basis you avoid banks altogether.

05-26-2004, 10:41 AM
LaughingEyes Registered User Join Date: Jan 2001 Location: Arizona Posts: 8	The big thing here is buying land and subdividing it. You can get 40 acre parcels for $20K, divide it into 5 acre parcels and sell each parcel for $20K. That's a nice profit margin. I know it doesn't make sense to buy 5 acres for the same price as 40 acres, but I found that alot of people don't want that much property. 2 - 5 acres seems to suit most people. We own 40 acres. We purchased it 3 years ago and it is now worth twice what we paid for it. Found several 40 - 60 acre parcels for $10K - $15K. Considering purchasing a few of those and subdividing them. Since most of these properties are on an OWC basis you avoid banks altogether. __________________ Adult Industry Stats http://www.aistats.com "Stats You Can Rely On" UPDATES EVERY WEDNESDAY!