They both offer some awesome insight but most of all the chat sessions before and after each meeting are the most fruitful.

Using that logic, when anyone buys anything, they are paying for the raw materials, the cost of goods sold, the overhead of the manufacturer and the retailer, etc.

Raw Land2.

Hey guys, My Craigslist ads have borne fruit!

I like to buy and flip raw land using a simple strategy of contacting out of state owners whom owe back taxes and making offers.

Raw land is going up about 10% for acreages.

Don't go there, you get paid after it closes and not before, counting your chickens before they hatch will get you in trouble.Real estate is unique, it's not a widget you can accurately time from raw goods through processing to sales off the shelf.

A 1031 is done for like properties, I'd have to investigate it, but raw land may not be like kind for multi-family units.You didn't mention the amount of the gain, if you're at about 500K, you might check on a charitable remainder trust taking a smaller bite now and using funds for property in the trust, if it is a forever property.....see your attorneyYou might offset the gain by seller financing long term and applying the interest as well as principal to the other debt (or not) but the gain would only apply to the % or the principal received over the term.

I wanted to know if anyone has bought raw land/acreage through "Owner Terms/No Credit Check/Low down/Low Monthly Payments" and then sold it to someone else when the owner you were making payments to allowed a wrap around while making some profit?

or are we so forgetful that all the other indicators including simply the raw number of inventory has no affinity to the market?