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Re: Buying more land
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Posted by John (C-IL) on June 05, 2007 at 17:20:25 from (64.12.116.14):
In Reply to: Buying more land posted by Dave from MN on June 05, 2007 at 14:44:25:
First option is to buy it. If you are going to borrow money the bank may want you to mortagage all the property that you own, that way they are more than covered if the economy turns around. At some point you are going to be selling, just a fact of life. But if the developer only has to deal with one seller the price will be higher.
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