Tuesday, March 06, 2007

Who Wants In?

Ok so wow. $1.4 million doesn't buy you much these days.

Smith Grade Prop.

So that means we're talking $35,000/acre. I remember property being in the less than 10k per acre in MI. Eeek

But then again you don't have views and weather like this in MI.

So I figure some of us go in on 20 acres ea. that's 750k, build a place for say 300k-500k depending. That's 1.1-1.3million invested. Turn around sell the 20 acre developed lot for more than that. Meh.

There's cheaper stuff too, so you can probably find a deal.

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