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Author: Subject: If you were going to invest $100K
oldhippie
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[*] posted on 6-20-2007 at 05:53 AM


As far as land speculation goes, I like the clauses in the sales contracts that require a buyer to make improvements. I think they're included in sales of lots over 1000 meters??? This prevents the obvious speculators who want nothing more than to drive up the price.

But if speculate you must (we are talking money) an under 1000 meter lot at $20 a meter sounds like a good deal to me. Anybody got one?




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tim40
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[*] posted on 6-20-2007 at 08:59 AM


it is actually 2K square meters. The way to get 'around' it is to place it into a MX corporation. Perfectly legal as long as you do not try to use it for a personal dwelling. Did mucho research on this earlier this year. Much more to it...but this is the general scoop.



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oldhippie
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[*] posted on 6-20-2007 at 09:47 AM


You're right it is 2000 meters. I remember the lots in Cerritos all being 1900+ meters. I have a friend that went the MX Corp route. His business is buying and selling land, after he lives on it for several years. I think he named the corporation Mota Verde. :cool:



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