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LAND BANKS

Last Update 4 bulan yang lalu

WHAT IS A LAND BANK? Why are properties sometimes listed for $1000? WHO IS THIS FOR? Can I buy a $1000 property and flip it immediately? Do I really have to renovate?

Can I just hold the land?

Depends on the specific land bank.

Ini Olu

Last Update 4 bulan yang lalu

 
Some allow land holding for development.

Others require active redevelopment.

Always review the specific land bank agreement.

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