Category: Turnaround

The third men

6 August, 2010 (10:32) | Apartments, Foreclosure, Housing, New York City, Turnaround, US News, Workouts |

By: David A. Smith   In a speculative real estate development, runs the grizzled-veteran advice I got many years ago, it’s the third owner who makes the money.    Is there financial light at the end of the tunnel?   The first owner overpays to get the property started, the second buys it cheap but […]