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Updated almost 8 years ago,
Acreage a good investment?
I've learned little about land investing but we are looking for our own house in between Fort Hood, TX and my son's school in Leander, TX. We have tossed the idea of buying this 10 acre lot in Florence and putting one of those super nice manufactured homes or modular homes on a small plot. The area could turn into a great place to hold land and sell later or it could go around the spot. What would be the benefits of holding land? Should we build a solid home on the lot or keep it moveable in case a buyer wants the land for development? In all typical ways I'm so hesitant to get started as a new investor while we still need to focus on our family's needs (2 kids and one on the way).