I have a couple pieces. Try to find it for the best price possible. Preferably with some marketable timber. I watch these guys buy 40-60,000 trucks that won't be worth squat in a couple years. By some land for that price now and you should always at least get your money back. That's worst case scenario. One piece I bought 4 years ago, I've been offered 20000 more then I paid for it all ready.
Land as an investment
I was just wondering what people thought about buying land as an investment as opposed to investing in a 401(k) or other retirement plan. I guess it all depends on the type and location of the land you get. But if you could farm it or timber it every so often you could at least make annual money on it. I guess it would also depend if you could get the mineral rights as they could be lucrative. But I would imagine those are hard to come by. I just don't know if land value appreciates as much as a traditional retirement plan. Just curious what thoughts are.
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Like you said it's all about the location. Also it really depends on who is currently looking for land. You can ask all you want but if someone isn't looking your out of luck
They ain't making any more land. I watch land watch.com on a regular basis for where my camp is, and the prices now are outta control.
Land prices fluctuate almost like the stock market. Whether land will keep appreciating is a likelihood. Whether it will keep pace with inflation is another story.
If it has great hunting and fishing on it, then it is a great investment!!!
Wall St. is crooked period. From the analyst, ceo's to the rating agencies. How do I know? Don't ask. On the news today said that the hedge funds made less than 1% but the mgrs. made in the billions. Buy the land. Play with the land. Hunt the land and enjoy it. You will not enjoy singing on every day and seeing your $$ going up and down. Remember for every 50% loss you will 100% gain just to get back to even.
http://www.huntingpa.com/forums/ubbthrea...e=4#Post3633029
Craig
http://www.huntingpa.com/forums/ubbthrea...e=4#Post3633029
Craig
Exactly, I'm closing on my 2nd property shortly. I drive a 2001 tacoma reg cab 4 cylinder and people keep asking me why I don't buy a new truck.Shed Antler said:I have a couple pieces. Try to find it for the best price possible. Preferably with some marketable timber. I watch these guys buy 40-60,000 trucks that won't be worth squat in a couple years. By some land for that price now and you should always at least get your money back. That's worst case scenario. One piece I bought 4 years ago, I've been offered 20000 more then I paid for it all ready.
I just bought my first land purchase. We own 6 other houses that I bought as fixer uppers and have doubled in value in less than 2 years. I have found it hard to get financing for land only even with 35% down.
Why? Is there something wrong with the truck?BIGGAME said:Exactly, I'm closing on my 2nd property shortly. I drive a 2001 tacoma reg cab 4 cylinder and people keep asking me why I don't buy a new truck.Shed Antler said:I have a couple pieces. Try to find it for the best price possible. Preferably with some marketable timber. I watch these guys buy 40-60,000 trucks that won't be worth squat in a couple years. By some land for that price now and you should always at least get your money back. That's worst case scenario. One piece I bought 4 years ago, I've been offered 20000 more then I paid for it all ready.
That's the other thing with financing land as an investment. You're losing any interest that you are paying , so the land would have to appreciate even more than the interest your paying. It seems like the best thing to do would be to pay as much cash as possible for purchase. But only the wealthy can really do that.
Here's a good article on timberland investing though I do question some of the numbers.
http://stansberryresearch.com/investor-education/investing-in-timberland/
You can also use money in your 401k to buy land using a self directed account but it is complicated.
http://stansberryresearch.com/investor-education/investing-in-timberland/
You can also use money in your 401k to buy land using a self directed account but it is complicated.
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