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re: Where to park $300K for 2-3 years?
Posted on 5/6/13 at 4:50 pm to Zach
Posted on 5/6/13 at 4:50 pm to Zach
quote:tell me more. i would LOVE to be able to invest in land once i'm able.
Don't know your circumstances but if I had 300K to kill I'd buy timber land and let the wood grow. No maintenance required. Mother nature does it for ya.
1
Posted on 5/6/13 at 5:13 pm to jimbeam
quote:
tell me more. i would LOVE to be able to invest in land once i'm able.
Find some hard clay soil that is no good for farm crops. But pine will grow in it over time and much faster than hard wood. Plant, wait, cut, profit.
Lots of rich families up here in NW La. who made their money on pine timber. Wood is expensive. Try building a new house today and look at the cost of your lumber from the framer.
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