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 followI tried to put a number on expected appreciation for a 26 acre parcel in an exurban county and got two answers I can't reconcile. Method one, county trend. I pulled fifteen years…
I've been reading the exit posts in here and they split in a way I didn't expect. Two different disciplines, both defensible. One camp writes the trigger at purchase. Sewer gets f…
I've been putting money aside toward a first parcel and got stuck on something simple. Land banking produces no income, so the property tax bill has to be paid out of something el…
Coming from zero here. The appeal of land banking to me was that there's no tenant, no roof, no calls at 11pm. You buy it and you wait. Then I read a post where someone found out…
Two files sitting open on the same county. 18 acres inside the designated urban service area, sewer stubbed to within half a mile, asking $9,700 an acre. 40 acres about four miles…
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'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…