Re: "Targeting" the wealthy
From: David Heimann (heimannworld.std.com)
Date: Thu, 27 Jul 2006 19:50:09 -0700 (PDT)

Hmmm,

That suggests a perpetual-motion money-making machine. One person buys a property and runs it down getting all they can get out of it without putting anything in they absolutely don't have to, then sells to a person who is buying run-down properties undervalued for their neighborhood. That person fixes it up and sells it at market value. The new buyer then runs it down ... etc.

        And the money keeps flowing in!

:-)
David Heimann
JP Cohousing




Date: Fri, 21 Jul 2006 03:11:17 -0700 (PDT)
From: Lion Kuntz <lionkuntz [at] yahoo.com>

<snip>

He taught me his philosophy. It went like this: "There are two ways to make money in real estate: buy a property and run it down getting all you can get out of it without putting anything in that you absolutely don't have to, or buy run-down properties undervalued for their neighborhood and fix them up and sell them at market value"

<snip>

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