Quote:
Originally posted by Penske_Account
good points all. I shall report back. I might flip, I might build. I might build one lot, sell, build the next. I look forward to fucking over the bank, the contractors, the tenants (actually it would be buyers) and everybody else who got near him.
either which way I have to do something. else. I can't do this for another 35 years. Plus as Slave knows, I still harbour bitterness about the bar deal I got fucked out of and need to clean the taste of cowpies out of my mouth.
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FWIW, this is what I've seen:
Guys who flip land do well with least annoyance, but its tricky, because you need to cover carrying costs with no cash flow from the property.
Guys who put up cheap boxes (Wal Marts, drug store chains - nice, fat long term leases) do well. A Rite Aid can be a fucking sweet cash machine.
Mini mall guys have problems (shit tenants, lousy leases).
Residential development is a pain unless you're just flipping lots. Don't get into building homes. That shit can become a nightmare.
YMMV
