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Re: CashMcMogulson post# 10862

Wednesday, 05/23/2007 11:31:01 AM

Wednesday, May 23, 2007 11:31:01 AM

Post# of 19921
4) Suddenly they are selling assets (wales) they don't even have

Have you ever flipped a property that you don't own outright?

If not its done by locking up the property with a small down payment and then finding a buyer before closing and flipping it to them.

Same thing appears to be going on here, that could be how the financing for the Oil deal will come together. JMO