Land banking means buying raw, undeveloped land and holding it, often for years, in anticipation of appreciation as development and population growth reach it.
Log in to followTwo of us bought 40 acres of dryland at the exurban edge in 2019, $5,200 an acre, $208,000, 50/50 through an LLC. No income, taxes about $1,900 a year at the time, split. The thes…
I'm looking at 60 acres about nine miles past the last recorded subdivision. Asking is $4,200 an acre, so $252k, taxes run about $1,900 a year on the current ag classification, no…
I do renovations for a living, so land was the odd thing in my portfolio for a long time. This one closed out in the spring and I think the useful parts are the boring ones. Bough…
I bought this in my second month of looking, which tells you most of what you need to know. 2.5 acres, listed on a land marketplace at $7,900, closed at $8,900 with fees and the d…
Land banking in its pure version is buy raw land, make no improvements, collect nothing, wait. Then almost every person I talk to who actually owns acreage mentions some small inc…
I do small multifamily. In 2019 I bought 3.5 acres of scrub about a mile from where a new highway interchange was going to go, $28,000, cash, because a broker showed me the county…
First parcel, first anything. Asking was $74,500 for 11 acres about 40 minutes past the last subdivision on a state route, gently rolling, county road frontage on the north side.…
A listing came across my feed for 5 acres at $12,000, and the seller says the property tax is about $180 a year. My plan was to just own it and let it sit, which someone in anothe…
I get the mechanics. Buy raw land, don't improve it, wait, sell for more. What I can't picture is the moment the value arrives. Nobody wakes up and decides the field is worth trip…
I do fast deals normally. Sixty to ninety days in and out, thin margins, everything I own is either under contract or under construction. So a nine year hold is the strangest thin…
Bought 22 acres at $6,100 an acre, $134,200 all in, planning to sit on it until the road widening pushed development east. Taxes at closing were $340 a year because the parcel car…
I've got money sitting from the service business and I'm looking at a 9 acre piece an hour out. Two people I trust told me two different things in the same week. The first said la…
19 acres at $84k. Taxes plus a once-a-year mowing contract run about $1,400. That part I can absorb without noticing. What I can't get comfortable with is that the purchase would…