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To: marginmike who wrote (5933)5/9/2004 6:20:02 PM
From: philv  Read Replies (1) | Respond to of 116555
 
Wow! How can you resist? An easy 500K! <g>

How much is it really worth?



To: marginmike who wrote (5933)5/9/2004 6:30:01 PM
From: yard_man  Read Replies (1) | Respond to of 116555
 
sniff for some kind of zoning change or some other sort of deal, IMO.



To: marginmike who wrote (5933)5/9/2004 7:40:24 PM
From: Elroy Jetson  Respond to of 116555
 
Selling an income property with no money down and seller financing reminds me of an example Marvin Starr, of Miller Starr and Regalia, often used.

The buyer often stops all maintenance and tax payments, raises rents and uses every opportunity to pull money out of the property.

He said it was like a gnome in the Sherwood Forest who offers to buy your sack of gold in return for two sacks of gold next month. Under California real estate law, when he fails to make the payment, you can sue for the return of the empty sack.



To: marginmike who wrote (5933)5/9/2004 8:39:19 PM
From: Haim R. Branisteanu  Respond to of 116555
 
If it is NYC it is hard to believe - except if this is a family transaction