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Originally Posted by Plantman
That's what I plant o do if the right deal comes along. Perhaps some income producing property that will pay the loan off for me as it appreciates.
Thanks
BC, I will definitely not be frivolous. Can't afford to be.
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Don't overlook vacant land, since selling my Med biz I've been scooping vacant lots that have favorable zoning. If you play your cards right it's an easy double and the risk is much lower than a fixer upper.
The best place to look is homes in fully built neighborhoods on double lots, building potential maybe so-so but the adjacent neighbor sometimes pays stupid money to prevent a smaller house next door from being built. Once you get the lot stake out the smallest salt box foundation you can. If it's a good neighborhood you'll be taking bid's in 24 hours.
