land or cash (by 6x6 [TN]) Jul 19, 2020 2:59 PM|
land or cash (by WMH [NC]) Jul 19, 2020 3:00 PM
land or cash (by Landlord ofthe Flies [TX]) Jul 19, 2020 3:11 PM
land or cash (by RentsDue [MA]) Jul 19, 2020 3:22 PM
land or cash (by Pmh [TX]) Jul 19, 2020 3:29 PM
land or cash (by myob [GA]) Jul 19, 2020 3:54 PM
land or cash (by Pmh [TX]) Jul 19, 2020 4:07 PM
land or cash (by myob [GA]) Jul 19, 2020 4:25 PM
land or cash (by MikeA [TX]) Jul 19, 2020 5:13 PM
land or cash (by NE [PA]) Jul 19, 2020 5:51 PM
land or cash (by Robert J [CA]) Jul 19, 2020 6:12 PM
land or cash (by Barb [MO]) Jul 19, 2020 6:14 PM
land or cash (by Ken [NY]) Jul 19, 2020 6:51 PM
land or cash (by Nicole [PA]) Jul 19, 2020 9:48 PM
land or cash (by Adam [CT]) Jul 19, 2020 10:02 PM
land or cash (by Richard [MI]) Jul 19, 2020 10:36 PM
land or cash (by JKJ [MA]) Jul 19, 2020 11:57 PM
land or cash (by Oregon Woodsmoke [ID]) Jul 20, 2020 1:55 AM
land or cash (by nhsailmaker [NH]) Jul 20, 2020 8:07 AM
land or cash (by Still Learning [NH]) Jul 20, 2020 8:14 AM
land or cash (by Marie [MO]) Jul 20, 2020 8:48 AM
land or cash (by S i d [MO]) Jul 20, 2020 1:23 PM
land or cash (by Natasha [MD]) Jul 20, 2020 1:40 PM
land or cash (by BRAD 20,000 [IN]) Jul 20, 2020 2:11 PM
land or cash (by Smokowna [MD]) Jul 20, 2020 2:22 PM
land or cash (by Pmh [TX]) Jul 20, 2020 5:22 PM
land or cash (by 6x6 [TN]) Jul 20, 2020 6:35 PM
land or cash (by 6x6 [TN]) Jul 20, 2020 6:40 PM
land or cash (by Nicole [PA]) Jul 20, 2020 9:22 PM
land or cash (by Cjo’h [CT]) Jul 21, 2020 8:33 PM
land or cash (by Cjo’h [CT]) Jul 21, 2020 8:49 PM
land or cash (by Cjo’h [CT]) Jul 21, 2020 8:56 PM
land or cash (by 6x6 [TN]) Jul 22, 2020 5:25 PM
land or cash (by Pmh [TX]) Jul 22, 2020 5:47 PM
land or cash (by Cjo’h [CT]) Jul 22, 2020 7:13 PM
land or cash (by Cjo’h [CT]) Jul 25, 2020 8:35 PM
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land or cash (by 6x6 [TN]) Posted on: Jul 19, 2020 2:59 PM
Would you rather be sitting on land that you have to maintain and pay taxes on or would you rather be sitting on cash in the bank that basically pays no interest? --73.120.xx.xxx
land or cash (by WMH [NC]) Posted on: Jul 19, 2020 3:00 PM
land or cash (by Landlord ofthe Flies [TX]) Posted on: Jul 19, 2020 3:11 PM
Cash. But I'd also consider something safe like Tax-Free Muni bonds. They earn between 2-4% and are Fed tax-free.
Unless you see that land becoming a shopping center or industrial complex someday in the next 3 years. --108.69.xxx.xxx
land or cash (by RentsDue [MA]) Posted on: Jul 19, 2020 3:22 PM
Cash. I’ve learned my lesson with land. --68.118.xxx.xx
land or cash (by Pmh [TX]) Posted on: Jul 19, 2020 3:29 PM
depends where the land is. I had 5 acres I bought for 50k on south side of town where I knew development would eventually move. was owner financed & I paid balloon at 5 years with loan from 401k. at 6 years I sold for 350k to developer and used towards for down payments on 5 rentals & 35% down on our home with $ left over. that is how I got started. so open ended question no one can really answer. --107.77.xxx.xx
land or cash (by myob [GA]) Posted on: Jul 19, 2020 3:54 PM
Assets should be working full time for you-- not idol. Crazy question 6 bye? --99.103.xxx.xxx
land or cash (by Pmh [TX]) Posted on: Jul 19, 2020 4:07 PM
depends on time horizon myob.....for me was a long term hold & asset increasing in potential value which was realized on sale.....smart investing in land asset.... --107.77.xxx.xx
land or cash (by myob [GA]) Posted on: Jul 19, 2020 4:25 PM
I think more of you need to play monopoly.
Hitting the jackpot by owning Park Place as opposed to say Connecticut ave row of 3 blue properties or 3 orange properties-- james place-- new york-- or tenn (B) properties. --99.103.xxx.xxx
land or cash (by MikeA [TX]) Posted on: Jul 19, 2020 5:13 PM
Only reason to hold land is if it is generating profit, either through leases, crops, or appreciation.
Only reason to hold cash is to take advantage of an opportunity to generate a profit in the future (IE: buy up after a crash). Or as a hedge against a financial risk (IE: emergency reserve). Or temporarily while you look for the next investment.
All assets (RE, money, stocks, cars, etc.) are just like an employee, it should be increasing value above what it costs to maintain or it is time to replace it.
So, it boils down to where you think the greatest opportunity to increase value in the future will be. --50.26.xx.xxx
land or cash (by NE [PA]) Posted on: Jul 19, 2020 5:51 PM
Too general of a question. What's the land do? --50.107.xxx.x
land or cash (by Robert J [CA]) Posted on: Jul 19, 2020 6:12 PM
Land is a liability that an investor because you can't deduct the purchase price. However buy land with a tear down shack, then you can depreciate 80 plus percent of the cost of the land over a 27.5 year period...Getting back 40% of your costs....Then when you are ordered to tear down the shack, you can claim a casualty loss. --47.155.xx.xxx
land or cash (by Barb [MO]) Posted on: Jul 19, 2020 6:14 PM
I bought a couple of houses a few years ago that were in rough shape. I tore them down, as they were in that bad of shape.
Paid the taxes on the land and paid for mowing a few years.
I’m currently rly building a duplex on one plot, and I’m working on a design for a four unit on another piece of that land.
I’ll end up with a good return. --67.43.xxx.xxx
land or cash (by Ken [NY]) Posted on: Jul 19, 2020 6:51 PM
Cash, unless land is producing income currently or soon it is just a drain on cash and time --104.229.xxx.xxx
land or cash (by Nicole [PA]) Posted on: Jul 19, 2020 9:48 PM
what is the purpose of the land? investment or personal? If investment, I wouldn't do land unless I knew for certain something was going to happen in that area in the future. That said, I'm in my mid 60s ... if I were 25 and had extra cash, it may be worthwhile.
I own about 100 acres for personal reasons and that can't equate into investments on any level. --72.70.xxx.xxx
land or cash (by Adam [CT]) Posted on: Jul 19, 2020 10:02 PM
Owning land and renting it out as a ground lease can be a low hassle way of generating income for you & your heirs. Do a 99 year lease and your heirs will have to do nothing but collect checks. --67.186.xxx.xx
land or cash (by Richard [MI]) Posted on: Jul 19, 2020 10:36 PM
In 1982 we went to visit relatives. In their town of about 4000,on the main intersection corner, a closed down gas station was for sale with the next door lot included. Cheap. I suggested we buy it, saying "in the not to distant future this will be the prime spot in town and worth a lot."
The station was torn down 6 yrs later.
Two years after that, one of the town banks decided to build their new headquarters there. Today a 30,000 square foot bank building sits there, the largest, finest building in town.
If, if, if.
Even the ground rent for the place would be a pretty good retirement check.
So if you're not going to own land for personal use, do some research and pick land in the path of progress.
John Jacob Astor of New York was at his time said to be one of the richest people in the world. One of his sources of money was land. He said, it was reported, that you should research which way the growth of the city was going then get right in front of it. Then when the growth reaches your land, cash in. --97.85.x.xxx
land or cash (by JKJ [MA]) Posted on: Jul 19, 2020 11:57 PM
I agree with NE, the question is far to general, way to many variables to simple ask “cash or land?”. --72.93.xxx.xx
land or cash (by Oregon Woodsmoke [ID]) Posted on: Jul 20, 2020 1:55 AM
I like land. I've made some good money with land.
Of course, I've got nothing against cash, either. --98.146.xxx.xxx
land or cash (by nhsailmaker [NH]) Posted on: Jul 20, 2020 8:07 AM
CASH CASH CASH - hands down - CASH
In these crazy times you need to have massive liquid assets
when the craziness is over....... invest away
land or cash (by Still Learning [NH]) Posted on: Jul 20, 2020 8:14 AM
That’s a loaded question. In college my husband and sister took inheritance money and bought land. Couldn’t sell so they built a spec house, lived in it and then sold it. Had that same money been available a few years later when skiing in Telluride to buy a small lot, it would have sold for a million maybe 10 years later. Our primary house on 10 plus acres hasn’t been appreciating but lots in our town are hard to come by so we subdivided 2 lots in our back field. When we go to sell, we can sell as 3 parcels together, individually, or build on the 2 lots and rent or sell. The subdividing process was interesting. We have been in this town a long time and hired local people that felt fairly confident we would get approved, but we needed state wetlands approval, then we suddenly needed approvals that there were no Indian burial grounds, old stone walls, endangered flowers which they found but due to location we were still approved. I have a friend that just bought land in a town he is investing in where he recently purchased a commercial building. Time will tell whether that pays off or not, but he has enough cash to play monopoly and take the losses. --73.17.xx.xxx
land or cash (by Marie [MO]) Posted on: Jul 20, 2020 8:48 AM
Land - 'they can't make any more of it.' A few things to consider. If the land is in a blighted area or a commercial area that has gone flat, or is too costly to develop (meaning adding utilities), I would pass. However, if we are talking about a developed lot (meaning it has utilities to attach to at a modest investment) and the land has road access (meaning it is not land locked), it is worth a second look. We have a lot in a modest commercial area and added a tall fence. We rent it to a tow company that uses it to store wrecks. It's a modest income, but enough to pay taxes and show a small return on investment. In the meantime, over time, the value of the lot has slowly cropped up. Around here, farmland is in demand if the lot is at least 40 acres. No utilities are required and farmers cash rent the acreage. The land slowly appreciates and the cash rent provides a modest return with little involvement from the land owner. Remember, location, location, location. Buy land that you can earn at least a modest return on and that will appreciate over time. This will beat returns from bank interest rates. --98.156.xxx.xxx
land or cash (by S i d [MO]) Posted on: Jul 20, 2020 1:23 PM
"They aren't making any more of it (land)."
When I hear someone say that, I know the person with whom I am speaking is not serious real estate investor. It is a true statement, but "they" made a LOT of it the first time around, and a lot of it is worthless.
GOOD land is harder to find and is worthwhile.
Cash is nice but carries a significant risk for loss of purchasing power. In my market, houses that were $110,000 - $140,000 have gone up $20,000 - $30,000 in only the past 6 months. If you cashed out pre-Covid, you lost a ton of purchasing power in the real estate market. But if you sell today and those prices crash in 6 months, you'll look like a genius.
As usual, my crystal ball is murky.
land or cash (by Natasha [MD]) Posted on: Jul 20, 2020 1:40 PM
Personally, farmland for my food forest, rich soil, fresh air, mountain water and bright sun in the presence of nature is more important to me than any amount of cash. Self sustainability because health is wealth and peace of mind comes first. It also helps I don't pay property taxes.
For business, some cash is needed but I prefer diversification of many assets, liquid and alternative assets. I'm not relying on US Banks and the US dollar alone. --5.62.xx.xxx
land or cash (by BRAD 20,000 [IN]) Posted on: Jul 20, 2020 2:11 PM
Depends. Do you own a 4 wheeler or a mud truck? Maybe a dirt bike?
Any hills, trails, creek...?
Me? I'm hanging on to cash unless I see a smoking hot deal on a HOUSE I can rent or flip. Equity does not pay the bills.
Some will say "just sell it if you need cash" but I learned the hard way the when the economy turns down NOBODY buys. Even the banks stopped loaning to investors for a while.
land or cash (by Smokowna [MD]) Posted on: Jul 20, 2020 2:22 PM
I'm allergic to Cash.
Robert J, you have me exploring what you wrote. I've been to the IRS page and am reading there now.
Thanks all for your opinions! --108.28.xx.xxx
land or cash (by Pmh [TX]) Posted on: Jul 20, 2020 5:22 PM
I rented my land to a doctor whose wife needed pasture for her Arabians. the rents paid the interest for 5 years. water was paid by her. It cost me $500 year in tax. so. to OP....if all depends......long term hold. --107.77.xxx.xx
land or cash (by 6x6 [TN]) Posted on: Jul 20, 2020 6:35 PM
I should have been more specific. I bought a propert over 2 years ago in a suburb that is fairly popular and usually doesn't sit long. It has a house, barn, barn style garage, storage shed and a run down chicken coop. The guy I purchased it from never maintained any of the buildings. It has utilities and I have wired the garage and repaired it for use. The shed is about 6 years old. Unfortunately the house is a taredown. I have been cleaning up the land for over 2 years. I have not sold it because I have so much time invested in cleaning up the land that I will loose my value on that time. I asked an accountant about counting off the expenses and depreciating but she said I wouldn't count that until I sold it Maybe I didn't explain correctly. I am actually storing things there now but not much. I was trying to determine if I should sale now. I originally bought the land for personal use and I really like it which is why I spent all of that time trying to clean it up. It is part wooded and part cleared but is rocky. --73.120.xx.xxx
land or cash (by 6x6 [TN]) Posted on: Jul 20, 2020 6:40 PM
Robert J, how can I depreciate this property with a taredown house on it? The property is not being rented or anything but I do have a few things stored there and I do maintain the property. --73.120.xx.xxx
land or cash (by Nicole [PA]) Posted on: Jul 20, 2020 9:22 PM
...Equity does not pay the bills....
I also learned this the hard way. I had a lot of equity in a lot of properties the last down turn. If I had concentrated on paying off one loan at a time I'd have been better off. Instead, I had paid them down sort of evenly ... in other words, every month extra money on every loan. Mistake I learned from. --72.70.xxx.xxx
land or cash (by Cjo’h [CT]) Posted on: Jul 21, 2020 8:33 PM
Being born and having grown up on a farm in NorthernIreland.Im a kind of being partial to land,like Marie said,”They ain’t making any more of it”.That sums it up in a “nutshell”.............................charlie................................well,are they?........... --32.214.xxx.xx
land or cash (by Cjo’h [CT]) Posted on: Jul 21, 2020 8:49 PM
I still have two nice lots in CapeCoral Florida and two more Commercial lots just outside BrockvilleOntario CanadaDo I hear any offers,the longer they sit, the more they’re worth.Like Marie said” they’re not makin any more of it”? ................charlie................................? ? ? ? ? Just another country boy............... --32.214.xxx.xx
land or cash (by Cjo’h [CT]) Posted on: Jul 21, 2020 8:56 PM
6. X. 6. Just hold. You’ll know when to fold......................................Charlie................................... --32.214.xxx.xx
land or cash (by 6x6 [TN]) Posted on: Jul 22, 2020 5:25 PM
Thank you everyone. --73.120.xx.xxx
land or cash (by Pmh [TX]) Posted on: Jul 22, 2020 5:47 PM
good locations Cjo’h....just sit on them like I did....no more land being created. Is all location and projecting the future...on side note for you: google FL history on property speculation... 1920s all the way through 2008....coming to a good time to sell to new yorkers again now... --72.180.xx.xxx
land or cash (by Cjo’h [CT]) Posted on: Jul 22, 2020 7:13 PM
PMH,thanks........................... ......................,,,,,,charlie --32.214.xxx.xx
land or cash (by Cjo’h [CT]) Posted on: Jul 25, 2020 8:35 PM
6. X. 6, or as Kenny said you’ll know when to walk away, you’ll know when to run?.........................,,,,charlie.................... --32.214.xxx.xx
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