Hello,
I'm exploring my options to invest in real estate - empty land. The plot is close to the downtown and the County's library. Schools are in 6-7 range since this is an upcoming locality. I have never invested in land before and would like to know:
1/ Is it worth investing in land? Current price is around $280K for 7000 SFT. I know I can buy a house itself at that range and rent it out, but I'm looking for a maintenance free/ less option yet good ROI
2/ What are some of the taxations to consider ?
3/ Assuming the price in this area goes up in the next 10 years, would it be worth buying and selling it in the next 10 years?
What am I missing here or what are the things to keep in mind if I'm buying a property like this ?
Submitted January 17, 2021 at 09:31PM by iamnotjedi https://ift.tt/38T1JSr
