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re: What to do with a 1-acre piece of property that's not feasible to put a home on it?

Posted on 4/22/19 at 4:24 pm to
Posted by weadjust
Member since Aug 2012
15752 posts
Posted on 4/22/19 at 4:24 pm to
Posted by MLCLyons
Member since Nov 2012
4778 posts
Posted on 4/22/19 at 4:25 pm to
what surrounds the land? Does it have frontage on a road or is it completely surrounded by other people's land?
Posted by Decisions
Member since Mar 2015
1639 posts
Posted on 4/22/19 at 4:43 pm to
Just an FYI: if it’s that low-lying and wet it’s unlikely that most vegetables will grow well. Most need light, sandy, well-drained soil.
Posted by ithad2bme
Houston transplant from B.R.
Member since Sep 2008
3687 posts
Posted on 4/22/19 at 5:04 pm to
quote:

Just an FYI: if it’s that low-lying and wet it’s unlikely that most vegetables will grow well


It's also probably a wetland that the Corps of Engineers wont let you develop without paying a ton in mitigation $, which defeats the purpose of getting property cheap.
Posted by TigerstuckinMS
Member since Nov 2005
33687 posts
Posted on 4/22/19 at 5:41 pm to
quote:

quote:

Basketball court, charge by the hour, extra at night...

Neighbors would beg to buy it from you.


I was just thinking along those lines. Start a pig farm. Sell the whole thing to your downwind neighbors in a few months for a healthy profit.
This post was edited on 4/22/19 at 5:42 pm
Posted by atxfan
Member since Jul 2004
4198 posts
Posted on 4/22/19 at 5:43 pm to
You could build a miniature version of Stonehenge and create a unique attraction for your town.
Posted by CaptainBrannigan
Good Ole Rocky Top Tennessee
Member since Jan 2010
21644 posts
Posted on 4/22/19 at 5:46 pm to
Sound like good spot for a fight club.

Or you could build a mudtrack and get trashy redneck to mud on that property for like $5.
Posted by deltaland
Member since Mar 2011
102781 posts
Posted on 4/22/19 at 7:29 pm to
Fence it in and put a few goats on it, and take advantage of the tax break FedGov will give you.

Posted by go_tigres
Member since Sep 2013
5485 posts
Posted on 4/22/19 at 7:29 pm to
Put a pad, elect, water, and sewer then park a camper. Use it for camping, atv riding, or general fotting around.
Posted by deltaland
Member since Mar 2011
102781 posts
Posted on 4/22/19 at 7:39 pm to
quote:

Fireworks stand



Might work because it can be erected temporarily rather than permanent
Posted by deltaland
Member since Mar 2011
102781 posts
Posted on 4/22/19 at 7:41 pm to
quote:

$1,500/month for 12 years that we're not getting because my mom and aunt were afraid of getting cancer. Now we're getting it for free. Gotta be up there for worst financial decision of all-time


This is why women shouldn’t be allowed to make important decisions
Posted by gthog61
Irving, TX
Member since Nov 2009
71001 posts
Posted on 4/22/19 at 7:42 pm to
quote:

Grow weed



He said it was really wet.


cranberry bog!
Posted by meangene323
Baton Rouge
Member since Jan 2004
879 posts
Posted on 4/22/19 at 7:55 pm to
You could reroute the drainage servitude around the property. It would still go through your property but least you could clear out enough space for a house and yard. You could even put a pond in the servitude.
Posted by The Mick
Member since Oct 2010
45125 posts
Posted on 4/22/19 at 7:58 pm to
Sounds like a bunch of dumb fricks buying land without knowing the usage and zoning until after they own it. Rednecks scamming each other...
Posted by Duffnshank
Member since Jan 2019
921 posts
Posted on 4/22/19 at 8:43 pm to
quote:

Buy it then sell it for 2x value to your friend that thinks Islam is a sect of Christianity.

Damn you baws make me laugh sometimes
Posted by Ed Osteen
Member since Oct 2007
59247 posts
Posted on 4/22/19 at 9:02 pm to
Good luck breaking into the fireworks game in ascension parish, you’ll need it
Posted by Bigbee Hills
Member since Feb 2019
1531 posts
Posted on 4/22/19 at 9:45 pm to
Most people are idiots unless the subject matter is about the one, maybe two, things they know something about (though many are teetotalers and biologically fricked).

E.g., most don't know about heart surgery, and a heart surgeon most likely knows nothing about deciphering what is/isn't a prudent 1 acre rural real estate investment, or writing code, etc.: Never count your chances on creating your own fortune because another man was a fool.

Buying real estate with intrinsic or extrinsic value and doing something (or nothing) with it is one of the few things I know a tit-hair about, and all I know is this: If it has sold 5 times in 3 years for an increasing or break-even value, and I can get it for a bang up price, then I'll be #6 soon enough...after I do some "painting a turd" improvements on it to make the next jack leg think it's a "winner" property.

Apparently its dirt has some appeal to it? Building on it? Frick that.

But I believe I remember the OP saying that it had sold " MAYBE 5 times in 3 years..." There is no maybe in this case, or in any real estate case, but especially regarding this garbage heap: It either has or hasn't sold 5x in 3 years without a loss.

His purchasing of it should hinge on that single deciding factor- including the good price and past resale value- and assuming he has any financial or commonsense business dabbling with it.

Assuming all is true, you do not build chit on it; you build a little eye candy equity on it and sell it to the next proverbial "idiot born every day" and make a quick $ asap.

My opinion anyway.
This post was edited on 4/22/19 at 9:46 pm
Posted by Hammertime
Will trade dowsing rod for titties
Member since Jan 2012
43031 posts
Posted on 4/22/19 at 9:50 pm to
Cell phone tower can make you some money
Posted by Meauxjeaux
102836 posts including my alters
Member since Jun 2005
46965 posts
Posted on 4/22/19 at 9:52 pm to
quote:

$1,500/month for 12 years that we're not getting because my mom and aunt were afraid of getting cancer. Now we're getting it for free


quote:

BenDover


Checks out.
Posted by NoSaint
Member since Jun 2011
12693 posts
Posted on 4/22/19 at 9:55 pm to
quote:

why in the world would you want to get involved with this?


Because it’s cheap and everyone else is missing out on the opportunity to make coin off the idea he can’t actually come up with
This post was edited on 4/22/19 at 9:59 pm
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