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
Buying land for investment purposes in US
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mindOrHeart
- Posts: 48
- Joined: Wed Dec 24, 2008 11:30 pm
Buying land for investment purposes in US
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 :) ]
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 :) ]