[NicMM]

I don’t think USD will become worthless overnight. In long term, it is sure to devalue to me.

-NicMM

[NicMM]

I don’t think USD will become worthless overnight. In long term, it is sure to devalue to me.

-NicMM

[NicMM]

Thanks!

[quote=socrattt][quote=NicMM]Hi Socrattt,

May I ask your opinion on some specific questions?

1. Do you think a land zoned as agriculture has value growth potential within 2 miles of which there is a luxury customized home community under developing?

2. What kind of zoning is required to develop a golf drive range?

Appreciate your input.

NicMM

[/quote]

Ag land in any area can have value, but again there are a lot of determining factors. You’ll need to research water costs (along with water rights) and what can be grown on the property (soil tests). If you had a short term goal of putting together some sort of co-op/organic farm for the nearby community, my guess is you could actually create yourself a little niche with the property.

In terms of a golf range, I really can’t help you there (I would guess at some level the property would have to zoned commercial). Do a little research by calling a couple of golf course developers (might only be a couple left in the business) and ask them some questions. I am sure they would help you out. Good luck![/quote]

[NicMM]

Thanks!

[quote=socrattt][quote=NicMM]Hi Socrattt,

May I ask your opinion on some specific questions?

1. Do you think a land zoned as agriculture has value growth potential within 2 miles of which there is a luxury customized home community under developing?

2. What kind of zoning is required to develop a golf drive range?

Appreciate your input.

NicMM

[/quote]

Ag land in any area can have value, but again there are a lot of determining factors. You’ll need to research water costs (along with water rights) and what can be grown on the property (soil tests). If you had a short term goal of putting together some sort of co-op/organic farm for the nearby community, my guess is you could actually create yourself a little niche with the property.

In terms of a golf range, I really can’t help you there (I would guess at some level the property would have to zoned commercial). Do a little research by calling a couple of golf course developers (might only be a couple left in the business) and ask them some questions. I am sure they would help you out. Good luck![/quote]

[NicMM]

Thanks!

[quote=socrattt][quote=NicMM]Hi Socrattt,

May I ask your opinion on some specific questions?

1. Do you think a land zoned as agriculture has value growth potential within 2 miles of which there is a luxury customized home community under developing?

2. What kind of zoning is required to develop a golf drive range?

Appreciate your input.

NicMM

[/quote]

Ag land in any area can have value, but again there are a lot of determining factors. You’ll need to research water costs (along with water rights) and what can be grown on the property (soil tests). If you had a short term goal of putting together some sort of co-op/organic farm for the nearby community, my guess is you could actually create yourself a little niche with the property.

In terms of a golf range, I really can’t help you there (I would guess at some level the property would have to zoned commercial). Do a little research by calling a couple of golf course developers (might only be a couple left in the business) and ask them some questions. I am sure they would help you out. Good luck![/quote]

[NicMM]

Thanks!

[quote=socrattt][quote=NicMM]Hi Socrattt,

May I ask your opinion on some specific questions?

1. Do you think a land zoned as agriculture has value growth potential within 2 miles of which there is a luxury customized home community under developing?

2. What kind of zoning is required to develop a golf drive range?

Appreciate your input.

NicMM

[/quote]

Ag land in any area can have value, but again there are a lot of determining factors. You’ll need to research water costs (along with water rights) and what can be grown on the property (soil tests). If you had a short term goal of putting together some sort of co-op/organic farm for the nearby community, my guess is you could actually create yourself a little niche with the property.

In terms of a golf range, I really can’t help you there (I would guess at some level the property would have to zoned commercial). Do a little research by calling a couple of golf course developers (might only be a couple left in the business) and ask them some questions. I am sure they would help you out. Good luck![/quote]

[NicMM]

Thanks!

[quote=socrattt][quote=NicMM]Hi Socrattt,

May I ask your opinion on some specific questions?

1. Do you think a land zoned as agriculture has value growth potential within 2 miles of which there is a luxury customized home community under developing?

2. What kind of zoning is required to develop a golf drive range?

Appreciate your input.

NicMM

[/quote]

Ag land in any area can have value, but again there are a lot of determining factors. You’ll need to research water costs (along with water rights) and what can be grown on the property (soil tests). If you had a short term goal of putting together some sort of co-op/organic farm for the nearby community, my guess is you could actually create yourself a little niche with the property.

In terms of a golf range, I really can’t help you there (I would guess at some level the property would have to zoned commercial). Do a little research by calling a couple of golf course developers (might only be a couple left in the business) and ask them some questions. I am sure they would help you out. Good luck![/quote]

[NicMM]

Hi Socrattt,

May I ask your opinion on some specific questions?

1. Do you think a land zoned as agriculture has value growth potential within 2 miles of which there is a luxury customized home community under developing?

2. What kind of zoning is required to develop a golf drive range?

Appreciate your input.

NicMM

[quote=socrattt]Let me give my two cents as I own over 15,000 acres across the western US and have invested in land for many years. First off land is a dangerous investment in any market if purchasing without a real exit strategy. This downturn has been extremely difficult for one of my companies as we had to shift our entire business plan to accommodate this downturn. Selling land in this climate is nearly impossible unless your goal is to ultimately be the bank.

If you have a plan to sit on a piece of land and hope for future development, you’ve probably got a better chance at winning on the stock market. There are so many different reasons to invest in land, but putting money there in this climate for a long term play could turn out to be a very risky move.

I am a huge proponent of farming and I believe if you have a short term goal of using the land to create income that buying land for this purpose is genius. As a wise man once said, “you can’t eat silver and gold.”

I am working on a number of projects including farming, mining and alternative energy, to name a few. The goal is to think outside the box when looking at a land purchase. In this economic climate you want to look for any short term value. Look at water rights, mineral rights, etc. These are the things that many land buyers fail to miss. Land has much more value than just the surface of the property. In fact the surface may be the least desirable piece of the puzzle in today’s real estate market.

Last, but not least, never listen to someone at a seminar trying to promote a specific area. Do your own due diligence and find out whether or not other savvy investors feel the same. There are a few companies that I am well aware of and some that I’ve done business with that run auctions on a monthly basis and promote land in certain areas merely because they have excess inventory in that area.

At the end of the day, do your own homework. Know that land is a risky move if you really don’t have an exit strategy or see any short term potential. Learn about mineral rights and water rights and how that effects the value of the land and how it could be used to increase the value.

Good luck in your search and don’t let these negative people push you away from the idea of purchasing land. Let this be a lesson that there are no guarantees in life, but your are far more certain to succeed when educating yourself.[/quote]

[NicMM]

Hi Socrattt,

May I ask your opinion on some specific questions?

1. Do you think a land zoned as agriculture has value growth potential within 2 miles of which there is a luxury customized home community under developing?

2. What kind of zoning is required to develop a golf drive range?

Appreciate your input.

NicMM

[quote=socrattt]Let me give my two cents as I own over 15,000 acres across the western US and have invested in land for many years. First off land is a dangerous investment in any market if purchasing without a real exit strategy. This downturn has been extremely difficult for one of my companies as we had to shift our entire business plan to accommodate this downturn. Selling land in this climate is nearly impossible unless your goal is to ultimately be the bank.

If you have a plan to sit on a piece of land and hope for future development, you’ve probably got a better chance at winning on the stock market. There are so many different reasons to invest in land, but putting money there in this climate for a long term play could turn out to be a very risky move.

I am a huge proponent of farming and I believe if you have a short term goal of using the land to create income that buying land for this purpose is genius. As a wise man once said, “you can’t eat silver and gold.”

I am working on a number of projects including farming, mining and alternative energy, to name a few. The goal is to think outside the box when looking at a land purchase. In this economic climate you want to look for any short term value. Look at water rights, mineral rights, etc. These are the things that many land buyers fail to miss. Land has much more value than just the surface of the property. In fact the surface may be the least desirable piece of the puzzle in today’s real estate market.

Last, but not least, never listen to someone at a seminar trying to promote a specific area. Do your own due diligence and find out whether or not other savvy investors feel the same. There are a few companies that I am well aware of and some that I’ve done business with that run auctions on a monthly basis and promote land in certain areas merely because they have excess inventory in that area.

At the end of the day, do your own homework. Know that land is a risky move if you really don’t have an exit strategy or see any short term potential. Learn about mineral rights and water rights and how that effects the value of the land and how it could be used to increase the value.

Good luck in your search and don’t let these negative people push you away from the idea of purchasing land. Let this be a lesson that there are no guarantees in life, but your are far more certain to succeed when educating yourself.[/quote]

[NicMM]

Hi Socrattt,

May I ask your opinion on some specific questions?

1. Do you think a land zoned as agriculture has value growth potential within 2 miles of which there is a luxury customized home community under developing?

2. What kind of zoning is required to develop a golf drive range?

Appreciate your input.

NicMM

[quote=socrattt]Let me give my two cents as I own over 15,000 acres across the western US and have invested in land for many years. First off land is a dangerous investment in any market if purchasing without a real exit strategy. This downturn has been extremely difficult for one of my companies as we had to shift our entire business plan to accommodate this downturn. Selling land in this climate is nearly impossible unless your goal is to ultimately be the bank.

If you have a plan to sit on a piece of land and hope for future development, you’ve probably got a better chance at winning on the stock market. There are so many different reasons to invest in land, but putting money there in this climate for a long term play could turn out to be a very risky move.

I am a huge proponent of farming and I believe if you have a short term goal of using the land to create income that buying land for this purpose is genius. As a wise man once said, “you can’t eat silver and gold.”

I am working on a number of projects including farming, mining and alternative energy, to name a few. The goal is to think outside the box when looking at a land purchase. In this economic climate you want to look for any short term value. Look at water rights, mineral rights, etc. These are the things that many land buyers fail to miss. Land has much more value than just the surface of the property. In fact the surface may be the least desirable piece of the puzzle in today’s real estate market.

Last, but not least, never listen to someone at a seminar trying to promote a specific area. Do your own due diligence and find out whether or not other savvy investors feel the same. There are a few companies that I am well aware of and some that I’ve done business with that run auctions on a monthly basis and promote land in certain areas merely because they have excess inventory in that area.

At the end of the day, do your own homework. Know that land is a risky move if you really don’t have an exit strategy or see any short term potential. Learn about mineral rights and water rights and how that effects the value of the land and how it could be used to increase the value.

Good luck in your search and don’t let these negative people push you away from the idea of purchasing land. Let this be a lesson that there are no guarantees in life, but your are far more certain to succeed when educating yourself.[/quote]

[NicMM]

Hi Socrattt,

May I ask your opinion on some specific questions?

1. Do you think a land zoned as agriculture has value growth potential within 2 miles of which there is a luxury customized home community under developing?

2. What kind of zoning is required to develop a golf drive range?

Appreciate your input.

NicMM

[quote=socrattt]Let me give my two cents as I own over 15,000 acres across the western US and have invested in land for many years. First off land is a dangerous investment in any market if purchasing without a real exit strategy. This downturn has been extremely difficult for one of my companies as we had to shift our entire business plan to accommodate this downturn. Selling land in this climate is nearly impossible unless your goal is to ultimately be the bank.

If you have a plan to sit on a piece of land and hope for future development, you’ve probably got a better chance at winning on the stock market. There are so many different reasons to invest in land, but putting money there in this climate for a long term play could turn out to be a very risky move.

I am a huge proponent of farming and I believe if you have a short term goal of using the land to create income that buying land for this purpose is genius. As a wise man once said, “you can’t eat silver and gold.”

I am working on a number of projects including farming, mining and alternative energy, to name a few. The goal is to think outside the box when looking at a land purchase. In this economic climate you want to look for any short term value. Look at water rights, mineral rights, etc. These are the things that many land buyers fail to miss. Land has much more value than just the surface of the property. In fact the surface may be the least desirable piece of the puzzle in today’s real estate market.

Last, but not least, never listen to someone at a seminar trying to promote a specific area. Do your own due diligence and find out whether or not other savvy investors feel the same. There are a few companies that I am well aware of and some that I’ve done business with that run auctions on a monthly basis and promote land in certain areas merely because they have excess inventory in that area.

At the end of the day, do your own homework. Know that land is a risky move if you really don’t have an exit strategy or see any short term potential. Learn about mineral rights and water rights and how that effects the value of the land and how it could be used to increase the value.

Good luck in your search and don’t let these negative people push you away from the idea of purchasing land. Let this be a lesson that there are no guarantees in life, but your are far more certain to succeed when educating yourself.[/quote]

[NicMM]

Hi Socrattt,

May I ask your opinion on some specific questions?

1. Do you think a land zoned as agriculture has value growth potential within 2 miles of which there is a luxury customized home community under developing?

2. What kind of zoning is required to develop a golf drive range?

Appreciate your input.

NicMM

[quote=socrattt]Let me give my two cents as I own over 15,000 acres across the western US and have invested in land for many years. First off land is a dangerous investment in any market if purchasing without a real exit strategy. This downturn has been extremely difficult for one of my companies as we had to shift our entire business plan to accommodate this downturn. Selling land in this climate is nearly impossible unless your goal is to ultimately be the bank.

If you have a plan to sit on a piece of land and hope for future development, you’ve probably got a better chance at winning on the stock market. There are so many different reasons to invest in land, but putting money there in this climate for a long term play could turn out to be a very risky move.

I am a huge proponent of farming and I believe if you have a short term goal of using the land to create income that buying land for this purpose is genius. As a wise man once said, “you can’t eat silver and gold.”

I am working on a number of projects including farming, mining and alternative energy, to name a few. The goal is to think outside the box when looking at a land purchase. In this economic climate you want to look for any short term value. Look at water rights, mineral rights, etc. These are the things that many land buyers fail to miss. Land has much more value than just the surface of the property. In fact the surface may be the least desirable piece of the puzzle in today’s real estate market.

Last, but not least, never listen to someone at a seminar trying to promote a specific area. Do your own due diligence and find out whether or not other savvy investors feel the same. There are a few companies that I am well aware of and some that I’ve done business with that run auctions on a monthly basis and promote land in certain areas merely because they have excess inventory in that area.

At the end of the day, do your own homework. Know that land is a risky move if you really don’t have an exit strategy or see any short term potential. Learn about mineral rights and water rights and how that effects the value of the land and how it could be used to increase the value.

Good luck in your search and don’t let these negative people push you away from the idea of purchasing land. Let this be a lesson that there are no guarantees in life, but your are far more certain to succeed when educating yourself.[/quote]

[NicMM]

CA renter,

What you said about rental may be true. I saw several around $50k in Escondido.

Like this on in east Escondido,
http://www.sdlookup.com/MLS-090024886-1817_E_Grand_Ave_6_Escondido_CA_92027

It is asking for 1987’s price. Does anyone know if it has any problem such as broken HOA or plumbing issues (since it is a 70s building)? How do we check those?

In this area, can a 900 sqft 2 bedroom condo rent for $800? I guess after $250 HOA fee, property tax, and vacancy, $800 would be a number to break even or make some money?

If these homes have cash flow from day one, why investors are not jumping on and let them sit on market so long?

-NicMM

[quote=CA renter][quote=NicMM]Patb, these two pictures are accurate depiction.
Here is the challenge for you. If it’s you, what you would do with $50K?

-NicMM

[quote=patb]Don’t call it land investment call it Land Speculation.

To be an investment you need a cash flow and an exit strategy.

Here’s you.” i want to buy 2 acres for $50K and someday sell it”

Here’s an Investor” I am going to buy 10,000 Acres
get the state to build an offramp and the county to build 30 miles of section Road and the city to rezone it, while i rent it to cattle ranchers for cash”

Guess who makes money.?[/quote][/quote]

NicMM,

If your heart is set on real estate, $50K would be better spent buying a rental in Escondido or Oceanside (that has positive cashflow from day one) than speculating in desert land. You’ll have to manage and maintain it yourself, but you might make money over time.

My family has a history with both land and rentals/housing investments, and I can say for a fact that existing housing is far, far more profitable than land, with only a very few exceptions.[/quote]

[NicMM]

CA renter,

What you said about rental may be true. I saw several around $50k in Escondido.

Like this on in east Escondido,
http://www.sdlookup.com/MLS-090024886-1817_E_Grand_Ave_6_Escondido_CA_92027

It is asking for 1987’s price. Does anyone know if it has any problem such as broken HOA or plumbing issues (since it is a 70s building)? How do we check those?

In this area, can a 900 sqft 2 bedroom condo rent for $800? I guess after $250 HOA fee, property tax, and vacancy, $800 would be a number to break even or make some money?

If these homes have cash flow from day one, why investors are not jumping on and let them sit on market so long?

-NicMM

[quote=CA renter][quote=NicMM]Patb, these two pictures are accurate depiction.
Here is the challenge for you. If it’s you, what you would do with $50K?

-NicMM

[quote=patb]Don’t call it land investment call it Land Speculation.

To be an investment you need a cash flow and an exit strategy.

Here’s you.” i want to buy 2 acres for $50K and someday sell it”

Here’s an Investor” I am going to buy 10,000 Acres
get the state to build an offramp and the county to build 30 miles of section Road and the city to rezone it, while i rent it to cattle ranchers for cash”

Guess who makes money.?[/quote][/quote]

NicMM,

If your heart is set on real estate, $50K would be better spent buying a rental in Escondido or Oceanside (that has positive cashflow from day one) than speculating in desert land. You’ll have to manage and maintain it yourself, but you might make money over time.

My family has a history with both land and rentals/housing investments, and I can say for a fact that existing housing is far, far more profitable than land, with only a very few exceptions.[/quote]

[NicMM]

CA renter,

What you said about rental may be true. I saw several around $50k in Escondido.

Like this on in east Escondido,
http://www.sdlookup.com/MLS-090024886-1817_E_Grand_Ave_6_Escondido_CA_92027

It is asking for 1987’s price. Does anyone know if it has any problem such as broken HOA or plumbing issues (since it is a 70s building)? How do we check those?

In this area, can a 900 sqft 2 bedroom condo rent for $800? I guess after $250 HOA fee, property tax, and vacancy, $800 would be a number to break even or make some money?

If these homes have cash flow from day one, why investors are not jumping on and let them sit on market so long?

-NicMM

[quote=CA renter][quote=NicMM]Patb, these two pictures are accurate depiction.
Here is the challenge for you. If it’s you, what you would do with $50K?

-NicMM

[quote=patb]Don’t call it land investment call it Land Speculation.

To be an investment you need a cash flow and an exit strategy.

Here’s you.” i want to buy 2 acres for $50K and someday sell it”

Here’s an Investor” I am going to buy 10,000 Acres
get the state to build an offramp and the county to build 30 miles of section Road and the city to rezone it, while i rent it to cattle ranchers for cash”

Guess who makes money.?[/quote][/quote]

NicMM,

If your heart is set on real estate, $50K would be better spent buying a rental in Escondido or Oceanside (that has positive cashflow from day one) than speculating in desert land. You’ll have to manage and maintain it yourself, but you might make money over time.

My family has a history with both land and rentals/housing investments, and I can say for a fact that existing housing is far, far more profitable than land, with only a very few exceptions.[/quote]

[Author]

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