<BLOCKQUOTE class="ip-ubbcode-quote"><div class="ip-ubbcode-quote-title">quote:</div><div class="ip-ubbcode-quote-content">Originally posted by HummerNewbie:
<BLOCKQUOTE class="ip-ubbcode-quote"><div class="ip-ubbcode-quote-title">quote:</div><div class="ip-ubbcode-quote-content">Originally posted by rubher yellow ducky:
LOTUS, PLEASE TELL US WHERE YOU ARE GETTING A 20% RETURN EXCEPT IN LAND </div></BLOCKQUOTE>
That is it. Real estate is the only way to go these days. Working on closing a deal right now that will be purchased for $13M, hold for a year for tax reasons and sell. Was just appraised at $27M 
Got a friend that just purchased a office building in SC to convert to office condos. Pre-sold some condos before closing on the building and the condo down payments covered the 20% down. Closed on the building then closed on the pre-sold condos. The cash from condos paid off the mortgage on the building and there are still $3M in condos to sell. Not a bad return at all considering he didn't have to put up a dime of his own money  </div></BLOCKQUOTE>
Very nice! Sweet deal... 
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