Posted by RR Smith on November 12, 2000 at 24:55:53:
most of the increase in value is when a city or town increases to include raw land in the country …so this and the raw land (vact. land)question are the same…
you would use a buy and hold , combined with a higher use method,
NOT L/O or flipping or other BS…
read a few (very few) BOOKS ON RAW LAND…
successful rural buying and selling - Posted by Frank Boseman
Posted by Frank Boseman on November 11, 2000 at 04:41:00:
This question may have been addressed in the past but I did an archive search using a number of different approaches and drew a blank,so here goes…I live in a basically rural part of the country,most communities less than 5000 population with most income derived from agriculture and having very little industrial base with an aging population and dwindling census counts.Thats the bad news.The good news is that there is a tremendous amount of property on the market,often absentee ownership by heirs who have left these communities and live at some distance from the property,and often very motivated sellers,absentee or otherwise.Given this it would seem that the investor,(whether his intention is wholesale flipping,L/O,or retailing) would be faced with the same problems that the homeowner has,namely how to sell his property.The deals are here but it would seem that the potential for getting hung is also here.So all this buildup for a pretty straight forward question:Anyone making this work in a very rural setting.Any tips or suggestions would be greatly appreciated.Thanks,FrankB