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How about, as a long term strategy, buying old beachside IP apartments with the view of selling out to a future developer who is amalgamating sites to build a beachside tower.
A collegue of mine bought a beachside unit 2001 for 200k.
Sold it to developer for 900k. Valuation at time of buyout = 450k.
Maybe swapping it for a unit in the new tower plus take some cash would be a good exit strategy.
Any experiences or similar strategies?
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