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Originally Posted by Webby
That's fine if you don't mind dealing with people, rental repairs and bullshit. Also OK if you want an immediate return on your investment.
It's only my  , but land is getting shorter in supply and increasing annually and prefer grabbing as much of it right now and leaving "development" till later. Little doubts in 10 years time that will be worth far more than you even think of now. |
Yes but it depends on how you plan on developing it. He was mentioning rentals. If he was to buy rentals or build them, you not only make money from it but that land also appreciates too. You need to figure in your profit+ apreciation of rental property vs what you hope raw land will appreciate, minus interest lost of the money you spent on it, property tax, upkeep, etc.
You can always tear the rentals down, 10 - 20 years from now and build on your land if you want to, at least it was income producing instead of sitting there costing you money.
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