Quote:
Originally Posted by Craig Vernon
They continued by saying they have been doing this process for eight years and made money on all their transactions and "many" others do the same thing. Hmmm?
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They didn't say how much money they made on each transactions.. I am sure that some were immensely profitable, and others squeaked out.
However, if they bought one of the first houses in a brand new development, and then sold it in 18 / 24 months when most of the houses have been built, I am sure that their houses became a rare last property in an established development. this would appeal to the most risk averse, least visionary people who wouldn't buy when all you see is dirt and electrical meters on boards sticking out of the ground
That's how they made money is my intuitive guess. .
slumlord guy