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re: Rural Land Investment
Posted on 1/7/24 at 2:14 pm to bamatiger90
Posted on 1/7/24 at 2:14 pm to bamatiger90
This thread is interesting. I inherited 75 acres of rural land. Not being used for anything currently but some friends hunt it. It’s 40 miles outside a major city so I was thinking of holding it to see how the price increases. There is also a small town 10 miles away that is building houses like crazy the last 2 years.
It seems from the current replies I would be better selling now and investing than waiting. Most recent appraisal I got was only $4000 an acre. Thoughts?
It seems from the current replies I would be better selling now and investing than waiting. Most recent appraisal I got was only $4000 an acre. Thoughts?
1
Posted on 1/8/24 at 1:15 am to Drizzt
quote:If the access is good, isn’t in a flood plain and the terrain isn’t bad, talk to a surveyor about subdividing it, then look up a local builder who does a pretty good amount of work and partner the project with them.
It seems from the current replies I would be better selling now and investing than waiting. Most recent appraisal I got was only $4000 an acre. Thoughts?
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