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Updated over 7 years ago,
Turning land into an income producing asset??
I own 224 acres in a rural part of West TN. The property is paid for and right now all it is doing is growing trees and costing me in taxes. I consider it a liability at the time because it is taking money out of my pocket, and not putting any back in. Any advice on transforming all,or some of this property into an income producing asset?