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Updated almost 9 years ago,
2nd Invest Property - Barn and ground
I just got home from closing on our second investment property. Our primary residence sits on 1 acre and is surrounded by another 9 acres of farmland including a large barn. The barn and farm ground is currently rented to a farmer for well under the 2% rule but obviously still made sense to buy it. I have some ideas on how to increase cash flow including framing in the open end of the barn as self storage: