Well as we know now, lots, and lots of things could go very wrong. But we did some critical advanced research, got very lucky on a few things, and went for it.
I had seen the parcel with a for-sale sign for a long time, but couldn't find the listing online anywhere. Turns out it was only listed commercially, asking $750k! Ouch... ok, forget about that. Then a year later, a new for sale sign pops up with a much more reasonable asking price, after the developer had been foreclosed upon. As we pondered making a low-ball offer for a while, the sign was taken down, and a call to the realtor revealed an offer had been accepted. Oh well. But then.... there's that for-sale sign up again (deal fell through)! New asking price was even lower. Ok, are we crazy? do we go for it? Gathered the family and friends and put together a plan. Whats that? A competing offer is in!? Cripes, need to act fast. Write our offer, rejected, repeat, accepted! Whoa.
By the end of January 2012, we were the awestruck and somewhat dumbfounded owners of nearly 19 acres of vacant forest land just over a mile outside of Ypsi.
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