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All Forum Posts by: Lance Johnson

Lance Johnson has started 1 posts and replied 2 times.

Starting Out

Post: Land during economic downturns?

Lance JohnsonPosted
  • Posts 2
  • Votes 0

Great point, Stuart.

Normally you might have a fast flip, but if you're going to hold it anyway, might as well improve it!

0 Votes
Starting Out

Post: Land during economic downturns?

Lance JohnsonPosted
  • Posts 2
  • Votes 0

I've been investing in rural vacant land for the past couple of years and am looking at diving in more.

That said, I haven't had to live through a downturn 🙃.

The big things I've thought of are:

1. Sales price of land we just bought drops.  We try to buy at 30-40% of retail and sell at 75% of retail.

2. Days on Market skyrockets.  Raw land isn't critical, so I could see the DOM going through the roof.

What other factors am I missing?

0 Votes