Posted by Sara_CA on December 23, 2010 at 21:00:44:
I like raw development land. I can buy development land
and park my money there for a long many years. Nosy
none-of-their-business family and friends don’t need to
know. I go do other things that are interesting to me,
while knowing that my land is holding value and
appreciating if the economy improves. 7, 10, or 15
years from now my land would have appreciated several
fold. I will then develop the land into a subdivision,
and sell building lots one by one. I will partner with
a reputable developer to do this.
The idea of buying an apartment is good, but it is a
business that needs tending to for cash flow. I can not
just buy it and forget about it for years.
Works for me.
Are there any land buyers familiar with Central CA on
this board? I worry that I may be paying too much.
Help! Thanks in advance.