Saturday
Jul 31
Real Estate Owners Network - REOWN.com
Oct
28
2009

FOR TRADE Ten lots in NE FL for trade for Your???

Permanent Real Estate Exchange
View all my trades. Take your pick or swap for all: 7 interior 1.25 acre lots of which 4 are on paved road,<br /> plus 2 canal front 1.5-1.7 acre each, <br /> plus a commercial piece on a county road next to this subdivision. <br /> All lots are in the same area of Flagler Estates, all have maintained road access, power. Lots are zoned open rural, which allows any kind of residential housing or a small home based business, gardens, horses, <br /> Click on the images to view photo tour of each property.<br /> <br /> The business opportunity:<br /> Sell these lots with owner financing and earn substantial interest, up to 15% APY. I sold over 50 of these lots over the boom years, up to $40K per interior lot and $80K per creek front. They are still selling with seller financing, but slow, I only sold 3 in the past year. <br /> Example: If you sell them even at current deflated prices (50% off) with owner financing for 30 years at 10% interest and get about $30,000 down the payments will total $2,370 for 360 months (a total of $883,000)<br /> If at 12% interest, then total of $1,030,000<br /> Bank do not finance land, so seller financing is about the only option for many. Some people started buying these lots just to grow fruits and vegetables and the location could not be better: 20-25 min. to Crescent Beach, St Augustine, Palm Coast, 40-50 min. to Jacksonville. This might be one of the least expensive per acre prices on either US coasts within 20 miles from the beach. There are more than 2,000 residents in this subdivision.<br /> These are my best remaining lots, most have environmental studies done with pre-approval for building. I intended to keep them for retirement if not sold or traded.<br /> <br /> and http://goswap.org/florida Will swap for: Any State, California, Colorado, Florida, Georgia, Georgia, North Carolina, Oregon Everything Else, Land, Multifamily or Commercial, Residential, Transportation

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