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  #21  
Old 06/20/04, 10:25 AM
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Join Date: May 2002
Location: Kansas
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Thanks!
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  #22  
Old 06/20/04, 10:34 AM
 
Join Date: Sep 2003
Location: Whiskey Flats(Ft. Worth) , Tx
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.............ph , What you and cf are describing is an Installment sale , I believe. My problem is that I would want atleast 50% of the agreed purchase price as a down payment. Plus, to make it worth my time, I would NOT want the contract to be paid off early. Does anybody know what the interest rate would be on a Installment sale of this nature?? I'm thinking around 9 to 10 percent on a 10 to 15 year payout.........fordy.....
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  #23  
Old 06/20/04, 12:16 PM
 
Join Date: Sep 2003
Location: Missouri, Springfield
Posts: 1,733
Stocks

I found a neat sight if you want to try your hand at investing (without actually investing)

its called virtual stock exchange (google it). It's free.

I've never invested but I did play with the mentioned site. You start with 100k to invest. In just over 2 days I turned a 53% profit(Virtual) with only 3 stocks.

walmart is typically a good investment. Technology stocks are iffy but can be good if you know the company well.

so what did I buy? Walmart, AMD, Intel...
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  #24  
Old 06/22/04, 12:32 AM
 
Join Date: May 2004
Location: Michigan
Posts: 381
Chick,
I had two thoughts there...one was a land contract where he sold the land with no intent to go back, as the land would be someone else's. The second was if he rented it to someone. If he rented it, he would have the right to go back. Sorry if there was any confusion...I do that sometimes.

Fordy,
If you sell on a land contract, you can pretty much set whatever you want as long as you and the buyer agree and it is all documented legally. You can ask for 50% down and then whatever interest you want. That's how some folks with poor credit get land, certain amount down with HIGH interest. I bought a place once for nothing down and 150 a month. It had 8% interest, but that was because the seller just went with what the bank was giving on interest at the time.
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