Wholesaler · Los Angeles, CA · Member since 2009 · 48 posts · 28 votes
One of my friends bought some raw land years ago, during the real estate boom years, following the advice of Marshall Redick and now it is worth nowhere near what she paid for it. The land is in the midwest, Kansas if I remember correctly.
Does anyone have experience doing short sales with land? What should I direct her to do to get this process started?
Is this farm land? development? Give us a few more numbers and how is it financed now?? Kansas is a good area
To answer your question, she borrrowed money against her house to finance it. However, I spoke to her and it is no longer on the market. She changed her mind and no longer wants to sell it. She is holding it for now.