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Land

Flipping out

Written by Roy R. Pachecano | PDF | Print | E-mail

roy pachecanoPlaying the long vs. short game

In boom times, builders, developers and even remodelers attempt to turn property as fast as they can sign contracts to purchase them. Not exactly a pyramid scheme, but the essentials are still the same: unload a higher debt burden on someone else while taking an (inflated) profit, leaving the new owner to worry about debt.

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