by Woods Walker » Tue Dec 04, 2012 10:17 pm
Well I said this on the other thread about hunting land, and I'll say it again here. Right now, I would not buy ANYTHING of a speculative nature unless I was prepared to not make any money on it down the road, because we have NO IDEA of what's "down the road".
If you can afford to possibly take a financial bath on it when and if you do sell it then go for it. But right now real estate is NOT a good investment. Yes, you can buy it cheap, but "cheap" is a relative term, and the person you may sell it to down the road may ALSO be buying it "cheap"....for him, not you.
I'd stick with a lease. You can many times design them so that you have a lot of the same freedom that you'd have if you owned it, but not the risk, and right now the risk is HUGE.
Hunt Hard,
Kill Swiftly,
Waste Nothing,
Offer No Apologies.....
>>>--------------------------------->
NRA Endowment Life Member