Land investing

buy it, forget about it for 20 years

>>1757598
what are teh property taxes? id like to so the same thing but honestly its a gamble and the taxes are a constant drain if you dont have something to counteract that

>>1757598
in farming water is more important than land

File: tegaki.png (7KB, 500x500px) Image search: [Google]

7KB, 500x500px

>>1757670
>Tax
Will look into it, but shouldn't be more than 1000$ annually.
>Counteract
Like what?
>>1757674
I don't intend to farm it though, and now I think about it I think it's more of a creak than a river.
Pic related.
Near it, there is an abandoned railway, and the city is about 25 Km from it.

What's the plan for this land? You buy it and then what?

Google 'the land geek' and watch some of his videos, he'll give you some good info

sauce.

>>1757795
Currently no idea.
And I don't have enough money to build anything on it, the few amount I have can cover the property price.

But I hope in 5 years it's value would increase.
>>1757805
yotsuba

>>1757850
>"Should I buy X commodity with no plan?"
>"Should I stick my cock in an electrical socket?"

>>1757864
Thank you

>>1757598
buy it,,,pay it,,, and lease it to whichever farm grows and needs your land when the time comes, and it will come.

>>1757598
Bad move.

What is the current cash flow? $0

Are you experienced with monetizing or developing? No.

This is not a real investment it's a speculation. Are you allocating more than a single digit percentage of your net worth to this?

It's illiquid.

There are liabilities.

I could keep going.

Bottom line is if you are stuck on investing in agricultural land buy a piece of Gladstone land corp. It's a trust that specializes in leasing land to farmers. Ticker is $LAND.

It's paying a 4.3% dividend.

>>1757598
You'd be stuck paying the property taxes for it every year and if you have no use for it at present moment you'd be paying an upfront cost for it with no way of neutralizing the taxes you'd be required to pay on it. Also there's no guarantee that it won't become a dust bowl in the future or whenever you plan on selling it.

Sounds like a bad idea to me.