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Updated over 7 years ago on . Most recent reply

User Stats

18
Posts
1
Votes
Andy Wayne
  • Rental Property Investor
  • Indianapolis, IN
1
Votes |
18
Posts

Farm Land / Lake Land

Andy Wayne
  • Rental Property Investor
  • Indianapolis, IN
Posted
Hey Everyone. So I bought 25 acres about a year ago and have been dropping $1200 a month into it (money from my J.O.B.). The problem is that I bought it to keep a developer from getting their hands on it and turning it into a neighborhood. (It's farmland currently on a lake directly next to a lake house my family owns). Anyone have any creative ideas on how I can turn this into something that cash flows without doing what the developer wanted to do?! I'm okay with building a house or two on it, I just don't want 60 houses next to my family's vacation home!

Most Popular Reply

User Stats

7,626
Posts
4,161
Votes
Karen Margrave
  • Realtor, General Contractor, and Developer
  • Redding, CA & Bend OR
4,161
Votes |
7,626
Posts
Karen Margrave
  • Realtor, General Contractor, and Developer
  • Redding, CA & Bend OR
ModeratorReplied

@Andy Wayne As a developer myself I applaud you stepping up and buying the land rather than waiting until a developer purchased it and then complaining about it being developed! Maybe you can develop some vacation rentals, and keep the use similar to what you have.

  • Karen Margrave

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