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Updated 5 months ago,
Invest in my own property or buy?
Long store short, I have a duplex on a 45 acre farm in rural Virginia. Half is long term, half is short term. 20 acres are leased as farm land and another 20 is wooded. I’ve pondered the idea of clearing land, building a secluded pond and putting a “glamping” cabin as another short term rental on it. We’re 10 minutes from a popular lake and my current str has surpassed my expectations. Should I invest in my own property, saving money on land costs, or purchase another property else where?