$130,000 is less than a lot of houses...
But it's not a house, it's a giant plot of land with nothing on it that will occasionally be used for shooting on...
$130,000 is less than a lot of houses...
But it's not a house, it's a giant plot of land with nothing on it that will occasionally be used for shooting on...
You can sell timber, possibly lease to hunt, and definitely lease to shoot. If you guys are balking at $130,000.00 then we need to close this joke of a thread or rename it "wet dream that won't ever happen".
You can sell timber, possibly lease to hunt, and definitely lease to shoot. If you guys are balking at $130,000.00 then we need to close this joke of a thread or rename it "wet dream that won't ever happen".
I'm just answering your question man. $130K even split up amongst 3 or 4 people is still a large commitment. That's like another car payment to deal with if you split it among 4 people at $32,500 each. Even with more people involved in the split, or lower priced land, if I had 10K laying around I'd rather invest it elsewhere more sound, like put it in a roth IRA.
Most people that would do this any way would (should) have disposable income at hand....
Most people that would do this any way would (should) have disposable income at hand....
True, but getting a loan for raw land is much more difficult then its for land with a house. More than likely you will have to find 6 or 7 people who have the cash on hand to chip in on it. I'm interested in doing something like this, but don't expect me to commit to anything in the next 5 years$130,000 is less than a lot of houses...
You'd rather put money into an IRA instead of real property? Insanity...invest it elsewhere more sound, like put it in aroth IRA.
You'd rather put money into an IRA instead of real property? Insanity...
True, but getting a loan for raw land is much more difficult then its for land with a house. More than likely you will have to find 6 or 7 people who have the cash on hand to chip in on it. I'm interested in doing something like this, but don't expect me to commit to anything in the next 5 years
You'd rather put money into an IRA instead of real property? Insanity...