Re: OT - What to do with 17 acres....

Posted by kyhayman on October 30, 2004 at 08:18:14 from (64.12.117.7):

In Reply to: OT - What to do with 17 acres.... posted by farmerboybill on October 30, 2004 at 06:22:56:

Before you made the price correction from $40,000 to $4000 I was going to say, if you can cash flow the interest in that location go for it, at $4000 an acre that advice certainly doesnt change. There are many variables to be considered, utilities, zoning, etc but 'land in location' is priceless. I bought 2 (5/7 acre) tracts 4 months ago (at auction) of class VI land, rocky, unfenced, covered in scrub for $6300 and acre. Planned to use one for access to another tract and then sell them, maybe over the next 5 yrs or so. Guy offered to double my money and build me a county spec road in to the tract I wanted access to so I sold it, still makes my head spin.

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