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dogs nest ontario | sell the land, Get a hefty down-payment, and take back the mortgage as a demand note.
If the land value falls in half, or the new owner defaults,
demand payment.
The new owner will have a heck of a time trying to talk a bank into lending twice the money than the land is now worth.
You'll get it back, with the down-payment for your risk.
I reckon the real question is' do you ever plan on selling the land? ' If not, then the value doesn't matter much.
LAter
Ed ooout | |
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Put options on Land
