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re: Rural Land Investment
Posted on 1/7/24 at 9:03 pm to Big Scrub TX
Posted on 1/7/24 at 9:03 pm to Big Scrub TX
quote:
Even in the bayoudude example given, that's only like a 7-8% IRR over the 7 years.
Could have bought a boat for the $250k but at least this is still worth more than I paid and the family has really enjoyed it. Something very satisfying having your own property to get away to.
ETA: as to the post above that’s why we haven’t built on it. All the places with a nice home/lodge are worth less than The land and home combined when we were shopping around I noticed that. I put a barn but if I had put a $300-400k home it would be tough to get the $550-650 back out but the bare land no problem. I have put a barn though.
This post was edited on 1/7/24 at 9:08 pm
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