Re: Buying more land

Posted by glennster on June 06, 2007 at 07:29:34 from (76.224.16.173):

In Reply to: Buying more land posted by Dave from MN on June 05, 2007 at 14:44:25:

if you can swing it , buy it. sounds like the seller is giving you quite a bargain on the price, roughly 2k under average market value. being a smaller parcel than what sold across the street, i am pretty sure the value of the smaller parcel will be higher. altho your short term return on investment will be lower, if you are in the path of developement (urban cancer) your property value will increase dramatically as the sprawl approaches. when the time comes, you can 1031 trade to a larger farm, draw out your origional investment and put some money in the bank. right now is a bad time to sell real estate, but a good time to buy if you have the funds available.

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