All Forum Posts by: Vijayanandh S.

Is buying a piece of land in north Forsyth county a good long term investment?

Since its growing at a decent pace,  the option of just buying and forgetting it seems very attractive.   What am i missing

Jeff, my theory is that if you buy a property in a good location - it should appreciate multifold in 15-20 years, even though you may not earn monthly cash flow for first few years.  

Just like buying a great company stock at fair price as opposed to buying average company stock at a cheap price.   

If you were to invest today and not sell it ever, which locality in / around Atlanta would you buy a property and why.   Assuming, 

your budget is around 250-350k

not looking at immediate cash flow, but not a lot of negative cash flow either assuming 20% down - but solid long term appreciation 

very easy to find a quality tenant

if needed, you can move in yourself

This happens in India at a much worse level.

My doctor uncle who rented his bungalow for 2 years, ended up letting the guy stay for more than 12 years.  He could not evict him till date, in spite of going to court. Now the tenant pays a paltry rent (agreed 12 years ago) in court every month.   My uncle could not sell it and raise the rent.

My boss at work story is worse, the tenant refused to move out and he ended up paying 2 years worth rent back to the tenant so he will leave. This was settled outside court before a local political leader who took a commission from both parties to settle the issue. 

Rent control act in India only favors tenants and any rental agreement is pretty much useless as your tenant almost always finds loop holes / bribes judges in court. 

US is way better in that regard.