Quote:
Originally Posted by Peaches
Personally I don't touch houses. If a house is in foreclosure you can bet the people living there are going to strip that sucker of anything valuable. I like land ;)
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Land is something I'm interested in but apart from leasing it out for grazing I'm finding it hard to figure out how to make it anything close to a cash positive investment?
We own a block of land that we're hoping to build on, but if we do end up selling, then we can claim it as an investment and get a tax rebate... but to do this deliberately hardly seems worth it since we'd only walk away with a net amount of maybe $10k, but that's after 2 years of having to pay a mortgage every month... it's not just hands off...
Got any generic tips? I'm in Australia so I'm no competition. ;)