Real estate consists of land and any existing structures.
Indeed.
Land is required for any RE structure, making it also step one, whilst investor pockets are still full.
Maintenance usually occurs when the pockets are empty.
As Mark Twain said, "they don't make it anymore".
Nice, somehow I think I’ve heard this before. [coming from you]
Bare land can offer immediate income. Arable land can be leased or sharecropped to farmers. Bush lots can be logged or used to harvest firewood (preferably on a sharecrop basis).
In my previous post I intended to write “
substantial income”.
Now, keep in mind that you and I live in different continents.
Logging is not permitted here [of course I do within personal limits*, guilty], whereas renting bare land to farmers is more of a joke than anything else.
*. Plant more than you cut.
By avoiding any construction you can avoid tax increases. You just have to play it smart.
Oh hello, I’m starting to lose connection here Jimbo, WTF is tax?
Property tax has to be one of the filthiest measures ever implemented on humanity.
I pay less than $2000 per year in taxes for 400 acres and a 25 acre private lake in prime Muskoka cottage country because I live within the confines of the local municipal zoning bylaws. I'm allowed a trailer for habitation between May 15 and Oct 15. I got a used 37' trailer with two tipouts, bathtub and 3 bunk guest bedroom for less than $2000. The lake is so pure you can drink from it and I intend to keep it that way. I bought a pedal boat and plan to get a canoe. No motors will be allowed. My land is a nature preserve.
I remember when you bought it - right before the previous bull run - also around the time Elwar bought his personal Titanic.
Good luck with finding 400 acres for sale around these here parts.
But excuse me, you are
“allowed” what?
I would give exactly zero fucks about any of that Jimbo. [allowed for habitation, motors and all that bullshit]
My dream is to own a little hill-top, dig a autonomous dwelling place inside of it, and enjoy nature and simple living thereafter.
All this with total disrespect to the system, exactly how the shepherds do it in the mountains. Can’t wait for the next bull run tbh.
#off.grid
It's also increasing in value. There's no reason why you can't invest in land and enjoy it.
No intention of ever selling that place, nor it would even be possible, if you catch my drift.
Me too.
Yeah, fuck you too.
Poll
