Originally Posted by kane

There are deals like this all over the place. It is mostly land that is completely undeveloped and out in the middle of nowhere. I bought a place like this several years ago. The place I got was in Southern Oregon and it was about two acres and I got it for around 3K. It had a road that went to it and could be zoned for residential. I figured I would sit on it for a while and who knows, maybe one day build a small cabin on it or something.

Eventually after sitting on it for about 5 years I got an offer to sell it for about 5 times what I bought it for.I had only visited it twice in 5 years so I decided to sell it.

Little did I know a few years after that land was bought they developed one of the top golf resorts in the nation about 5 miles from there and the value went way up. Had I sat on it for another 5 years I would have made 50-100 times or more than the purchase price for it.

I guess you live in a learn.