Posted by kyhayman on January 02, 2012 at 19:25:27 from (99.196.32.59):
In Reply to: Land purchase posted by M Nut on January 02, 2012 at 13:51:23:
You mean you havent written the check? ;)
The only regrets I have had in buying land, and I've bought land for 400 an acre and 40,000 an acre is land that I did not buy. Even a tract that Im in way too deep in to ever come out by any measure was still a good investment for 'me'.
I passed on 185 acres that I really likedfor 180,000 in the 1987. Id just bought 230 acres and was in way deep on a demand note and just didnt want to stretch any thinner. In 2005 it sold for 9 million, across the road is a new super walmart. Two other farms that are close to mine sold reasonable in the last 20 years. I just didnt want to get that stretched on cash flow so I didnt buy them. Should a, would a, could a's will eat you alive. Seen lots of houses sell for the opening bid in the bottom of the recent crash. To this day I dont know why I didnt buy them. Nice houses in decent neighborhoods, small, older, but well maintained. 140K could have bought 3 of them and they right now rent for 950 a month each. ....
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