Quote:
Originally Posted by spazzyfry123
Buy tracts of land, hold, and wait. Make friends with the zoning departments to make educated purchases for future plans. Buddy of mine recently sold off part of a 40-odd acre plat that everyone thought he was nuts to buy ten years ago. Sold it to Publix for many times more than he had in it.
I've lusted on the idea of picking up a condo/cabin/whatever with its primary use being short term rentals, but secondarily giving us a place to escape to.
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Holding and waiting on a piece of land that doesn’t generate cash flow isn’t ideal though unless you buy something dirt cheap like $2 or $3k worth of land where it’s not a ton of money tied up in it and then maybe in a few years sell for $50k