Quote:
Originally Posted by John Mercier
Because the OP stated they were not looking in those directions.
They stated they were looking to real estate. REIT is the closest you can come in real estate to investing in a comparable stock or bond fund.
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Nobody has discussed whether the land will be financed or bought out right. Typically, banks don’t like to finance land and if they do the LTV is low, maybe 50% to a well qualified buyer. As others have noted there is no cash flow but there are expenses such as real estate taxes and P&I payments. What is your desire OP?