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re: Land as an investment
Posted on 11/21/13 at 5:29 pm to That's BS
Posted on 11/21/13 at 5:29 pm to That's BS
quote:Well, they ain't making any more of it.
What are the MB's thoughts on land as an investment means?
But seriously unless you have a clear path to cash flow on the land, or knowledge of a specific reason that you think it will appreciate in value, you can do better.
And just wait until your brother needs cash and wants you to buy him out of his share for more than you think it's worth.
If there is a sentimental reason that you want to buy the land connected to your parents' parcel, you should have it legally split up between you and your brother at the initial purchase.
1
Posted on 11/21/13 at 5:46 pm to Bayou Tiger
No clear path to cash flow other than timber.
Well he's a lawyer and is talking about forming an LLC and all that jazz. Both of us do pretty well financially, so I don't think either would ever be cash strapped and in need to sell our part of the land. But you never know...
I don't think it's a sentimental reason, but more of a convenience reason. Would have easy access to our tractors and stuff we have already when needed.
He's been looking for land in this part of the parish for about 3 years now.
Well he's a lawyer and is talking about forming an LLC and all that jazz. Both of us do pretty well financially, so I don't think either would ever be cash strapped and in need to sell our part of the land. But you never know...
I don't think it's a sentimental reason, but more of a convenience reason. Would have easy access to our tractors and stuff we have already when needed.
He's been looking for land in this part of the parish for about 3 years now.
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