Quote:
Originally Posted by notfast
Except the fact that buying 5 acres of land for $20k isn’t even remotely possible in easily 50% of the country. A quick google search shows that successful stories like this are extremely few and far between and more of an “old wives tale” than a reasonable source of income.
Not sure what Gary Vee has to do with anything though.
I’d love to go back 20-30 years and buy some vintage baseball cards. You could be very close to a millionaire if you kept the right cards until today...There’s not much else you could “invest” in that would give that type of return.
|
I do agree $20k for 5 acres seems highly under priced. In WA State, most rural areas have 10 acre minimums for subdivision. Thus 5 acres would be closer to a city, increasing the property value significantly.
However, regardless of price, the advice to invest in land that is usable is good advice in and of itself.
Sent from my SAMSUNG-SM-G930A using Tapatalk
__________________
Barry Larkin, Joey Votto, Tris Speaker, 1930-45 Cincinnati Reds, T206 Cincinnati
Successful deals with: Banksfan14, Brianp-beme, Bumpus Jones, Dacubfan (x5), Dstrawberryfan39, Ed_Hutchinson, Fballguy, fusorcruiser (x2), GoCalBears, Gorditadog, Luke, MikeKam, Moosedog, Nineunder71, Powdered H20, PSU, Ronniehatesjazz, Roarfrom34, Sebie43, Seven, and Wondo
|