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Old September 18, 2020, 01:06 PM
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GordonJ GordonJ is offline
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Join Date: Aug 2006
Location: West Palm Beach, FL
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Default It is a good idea to own land...depending on location.

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Originally Posted by Helen98 View Post
Is anyone here investing in real estate? I've been recently thinking about getting a piece of land since it's getting cheaper, but on the other hand the times are quite uncertain and I'm not sure if this is the best idea. What do you think about this? I'd be grateful for some tips.

Depends on your INTENT. Flip it in a few for profit? Build or live on it? Suburban/Rural/ out of state?

I don't think it can be a bad idea, as long as you have a purpose for it.

As for general RE investments, I learned 10 years ago from Bud Riggs, that owning mobile homes and flipping them was a real cash cow. As of today, it is hard to beat owning mobile homes, especially nicer ones or the more isolated areas.

Where would you be investing and for what purpose?

Gordon
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