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P
3% Return per month
Les, I read it that way because that was the only way that made sense in terms of 'being a good deal'. Also I wouldn't do this deal myself as I see it as too much of a risk. A signed contract of sale doesn't mean much if the development is half finished and he is broke ....... Other good...- peteb
- Post #16
- Forum: Caveat Emptor (Buyer Beware)
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P
3% Return per month
Hi, doesn't he mean you buy the unit for 400K (valued at 650K) BUT you already gave him 250K so the balance is only 150K. you have paid a total of 250K + 150K for a 650K unit .... Peter- peteb
- Post #5
- Forum: Caveat Emptor (Buyer Beware)