buying land

[mmmbeans]

"i believe the fuzz engages in property negotiations as his primary source of income."

So...., not really an unbiased, objective opinion considering his income is dependent upon a commission, correct?

I am simply expressing my opinion that buying a piece of property (land or home) and expecting to double your money in 5 years, or even 10, is pretty much a thing of the past.

I might even subscribe to the notion that unless one is going to live in the same place for more than 5 years that renting may be the better option. Buying a home for $200k, putting $20k in bath reno, another $30k in a new kitchen and then putting it on the market 4-5 years down the road and wanting to get $250 for it is unrealistic.... right now.

i don't think anybody was claiming those things. anybody who ever thought that a passive investment would net them 100% in five years and didn't get hosed was lucky as f*ck.

now that you've explained it, I don't think many would argue that you're incorrect... but because you can't buy a house and flip it within a year doesn't mean that property isn't a good investment under the correct circumstances.

[Panthro]

I would say fuzz is biased on this but also correct in a sense. Our property has gone up 15-20% in a year but other homes but my parents has gone down due to foreclosures in their neighborhood.

It can be a good investment...

[Zod]

lol i get asked this all the time.

If it takes you two long paragraphs to say why you are not starting a cult....you are starting a cult.

Is it clothing optional? I may be interested.

[PhillyB]

bump

 

a year later i've paid off my first house and i'm under contract for a second one, a dirt-cheap foreclosure, that i'll be renting out and attempting to pay off in less than a year. my goal is to keep doing this annually until i'm done with grad school 2-3 years down the road so i'll either have the clout financially to finance a piece of property and begin building on it, or be able to simply sell one or two of them and buy it cash.

 

i'm still aiming for 25-50 acres.

 

any further thoughts/advice? biscuit your link no longer works, do you have a different one? i've done a lot of surveys with state GIS sites but you may have an inside track on what works best

[Hawk]

Ecuador!  Watching International House Hunters...they just showed a three bedroom, two bath house just off the beach....brand new...like to the point that its not even done yet....93G!  What the hell are we doing here!

[Darth Biscuit]

Idk Philly, I can look tomorrow but search for Guilford (or whatever) County gis and you should find it. nconemap.com is a good resource as well...

Sent from my XT1080 using CarolinaHuddle mobile app

[PhillyB]

Ecuador!  Watching International House Hunters...they just showed a three bedroom, two bath house just off the beach....brand new...like to the point that its not even done yet....93G!  What the hell are we doing here!

 

international rates are ridiculous if you look in the right place. i know a couple in peru who bought a three-acre tract of land with about 100 feet of beachfront on the pacific ocean for $9,000 in northern chile

[Hawk]

its nuts...and I need to stop watching these shows.  A major change keeps calling me!

[Kevin Greene]

its nuts...and I need to stop watching these shows.  A major change keeps calling me!

 

Cabin fever?

 

[Kevin Greene]

bump

 

a year later i've paid off my first house and i'm under contract for a second one, a dirt-cheap foreclosure, t

 

 

You buying these for like 4 bucks?

[Hawk]

Cabin fever?

 

 

 

not far from it to be honest!!!  Every now and then I get the itch for a major change in my life.  My youngest is only in grade 7 though...so my plan is to be very financially aggressive until she graduates...and then, as long as my wife and I still have our health...there will be a major pull up of roots and an exotic new address.  That's the plan anyway

[PhillyB]

You buying these for like 4 bucks?

 

haha not quite, but i'm buying low and selling high for sure. i'm buying based on the highest possible ROI (based on tax value to offer ratio and incorporating the kind of work i'll have to put into it to get it up to value.) i also work 70 hours a week and dump every dime on the principle, so that helps

[Kevin Greene]

haha not quite, but i'm buying low and selling high for sure. i'm buying based on the highest possible ROI (based on tax value to offer ratio and incorporating the kind of work i'll have to put into it to get it up to value.) i also work 70 hours a week and dump every dime on the principle, so that helps

 

 

Ah, so you're not actually paying off 150k homes, you're rolling them over and buying another investment property.

Pays better than tips I'm sure. :-)

[Happy Panther]

i want the property for a number of reasons. i want to build an airstrip on it, i want to build what is essentially a mansion that serves as a foster care home and i want to design the property as a commune with the goal of bringing in open-minded individuals with varying skills and backgrounds, enabling, through the strength of the whole, the individual to achieve what he/she may or may not otherwise be able to do in life.

 

 

WTF I'm out. Wierdo.

 

 in all honesty it'd be more like me and a bunch of friends i already know living in various locations on the same property drinking scotch and discussing philosophy like a bunch of elitist snobs in my huge library/study with low light and a frescoed dome and art collections.

 

I'm back in