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Originally Posted by SleazyDream
everyone tells me to buy condos and houses.
fuck that.
i hate doing what everyone else does. never made any money doing what everyone else does
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That's fine if you don't mind dealing with people, rental repairs and bullshit. Also OK if you want an immediate return on your investment.
It's only my
, but land is getting shorter in supply and increasing annually and prefer grabbing as much of it right now and leaving "development" till later. Little doubts in 10 years time that will be worth far more than you even think of now.
When it comes to development time - if you can't be bothered with the hassle of construction etc, - there are plenty opportunities to partner up a deal with folks with construction experience. One option is to form a corp as partners - dump your land in (or some of it), they stuff in the construction funds and do the work and apportion shares pro rata - and take dividends on the sale of the properties.
If you don't mind the hassle of construction - build in phases of 2 - 5 homes or whatever suits and sell them off before the next phase. Whatever is spent on constuction plus land cost is obviously a fraction of a finished home sale price.
Bottom line - I've seen people and got friends who simply had the land and then deal with whoever for construction of malls, hotels, airstrips, homes, casinos blah - and let them do the work. The strength is in the land
