PN> VH> That's always the case, isn't it?  If there were only some way to get
PN> VH> tomorrow's newspaper today . . . :-)
PN> be real handy at the bookie's 
Also nice for picking other investments -- like stocks. :-)
PN> PN> this has the ring of...swampland? about it .
PN> VH> Nope -- it's a wooded ridge, surrounded by seasonal streams.  In wet
PN> VH> weather, there are a couple of boggy places, but those happen to be
PN> VH> ideal places where you could put in a pond -- and since the pond 
ould
PN> VH> lie on the property line, you might talk the neighbors into going
PN> VH> halvies with you (which is how I built the road.)
PN> Sounds pretty cool.  Are you close enough to any of the boom areas for
PN> it to have done you any good?
Gloucester County is across the York River from the Virginia Peninsula
-- Newport News and Hampton.  This area includes the Newport News
Shipbuilding and Dry Dock company -- the largest shipbuilder in the
country.  It also has a lot of military installations, including Langley
Air Force Base, headquarters of Tactical Air Command, and Langley NASA
Research Center.
The problem is, there's a 4-lane highway, but only a 2-lane bridge
across the river.  That has choked growth for years.  This year, the
bridge is being widened to 4-lanes -- so property prices should jump.
I anticipated that when I bought the land -- and last year was offered a
nice profit.  I called my accountant, and he said "If you sell, the
buyer will have the land, and the IRS will have your profit." :-(
PN> VH> It's actually a very nice piece of property -- I just happen to have
PN> VH> 160 acres in the Arkansas Ozarks where I plan to build, and will sell
PN> VH> this parcel in Virginia.
PN> Yeah.  I've got a chunk in New Mexico I'm kinda sorta thinking if I
PN> could get rid of the payment I could service a piece I've found that's
PN> a little more bigger and isolated.
You might work a trade -- if you can do that, there's no taxes involved.
What you could do is find a buyer for your land, then get the owner of
the other piece to subdivide -- have the buyer for your land buy part of
the new land, and swap, while you buy the remaining part (it has to be a
one-for-one trade.)
You do this all in one transaction -- it's just a paperwork shuffle.
PN> PN> I could swap you for some nice beach property I own.
PN> VH> I already HAVE waterfront property, thank you. :-)
PN> Pay attention: I didn't say anything about "waterfront."  But, man,
PN> what a big beach .
That's why I said "waterfront." :-)
--- PCBoard (R) v15.21/M 2
---------------