2006-10-19 00:46:31 · 5 answers · asked by Kathi T 1 in Business & Finance ➔ Investing
They make more than a million dollars. Or their rich Mommy and Daddy croak and leave it to them.............
2006-10-19 00:55:36 · answer #1 · answered by Krazykraut 3 · 0⤊ 0⤋
actually aside from building a million dollar home it really has to do with location location location. I've seen a lot of older established homes that appraise at 3-400,000k in the midwest show values of over a million in major metro areas like DC, California, Phoenix etc.
DC for example has hardly any new land to build on so that creates a larger demand for homes in the area.
2006-10-19 11:55:08 · answer #2 · answered by Nicholas M 3 · 0⤊ 0⤋
They have the million dollar and just buy it. The biggest question is, how to get the million dollar?
2006-10-22 23:28:58 · answer #3 · answered by mlm_sifu 2 · 0⤊ 0⤋
It's all assets and liabilities! You buy a cheap liability and with a few renovations it becomes an asset! Then you sell it! and buy two liability's! and so on!!!! Pretty soon you'll have three or four on the 'go' Then your on the way!!! Go on! get at it! your wasting time!!!! Have a good day!
2006-10-19 08:01:18 · answer #4 · answered by wheeliebin 6 · 0⤊ 0⤋
Why? What is so important about the price? Just curious.
2006-10-19 07:48:55 · answer #5 · answered by Isis 7 · 0⤊ 0⤋