Purchasing Residential Lot and Land

[Account Closed]

I am considering purchasing small lots of land (under an area) in the state of Georgia to begin my real estate investing and build a portfolio. My question is once I buy the lots how will they help me long term in real estate? And should I purchase small lot or buy bigger land? Please help!

[Curtis Rouse Jr]

@Account Closed

Welcome to BP!!! So there are a lot of questions here with buying lots of land because initially they do not cashflow, which in my opinion is the most important factor when investing. Do you plan on developing or do you plan on wholesaling the land. Next is do you have the experience or do you know someone with the experience who you can partner with on the deal? What are your long term goals in real estate like a certain amount of assets or set amount of cashflow per month for retirement? In this area that you are wanting to purchase these lots, is there a lot of other development going on? Long story short, there are many niches within real estate and particularly buying lots, so it comes down to your goals and where you see yourself in real estate in the next 10, 20 or 30 years. Let me know if you have any other questions