[quote=bearishgurl]Yes, AN, I thought about your suggestion, but carrying costs are an issue with me. Perhaps if the price can be hammered down LOW ENOUGH and I could increase my income somehow, then I could carry the property. A 4-10 yr. (contract) commitment is a long time. If I still didn’t have a minor child at home, I could live MUCH MORE CHEAPLY.[/quote]
I don’t know you and your financial situation, so I didn’t make any guess about it. Just throwing that option out there, if the lot is a once in a life time opportunity and the price is low enough, it might be worth it. That is if you can afford the carrying cost. Again, it’s not easy to get these once in a life time opportunity property, so any cookie you can give to the seller to convince them to sell to you might be worth it in the end.