r2i forum

I am planning to purchase land for investment purposes in US.

Since we have plans of going to India (when? depending on the job) and I do not own real estate in US, I was thinking of buying land in US.

Few reasons why I was considering -

- If it is a house/apt/condo then we have to rent when we move to India
- We do not have to maintain the land (compared to an apt/condo)
- easy to sell
- no worry about encroachment of the land

I could buy land in India as well, but worried about encroachment as we are still in US.

Does anyone has any advice/suggestions on this idea?

TIA

Unless you know what you are doing (i.e. you have good knowledge of this area) I would discourage you from this idea.

In USA, losing your shirt (and pants too) in a land deal is way too easy. It is not like buying a stock- if you think that all you need to do is just buy a small plot somewhere and let enough time to pass and then sell it for a huge profit you are likely to be disappointed.

I don't know where to begin. Maybe you can read this
http://piggington.com/land_investment

[ If you know what you are doing, then I apologize. :) Maybe you can let me in on one of your deals :) ]