Hi,We recently (Aug 2024) bought commercial land of around 2 acres. this was part of bigger commercial lot (around 25 acres) which had AG exemption and so the taxes that they paid was around $20 each year. we received a 'AG ROLLBACK' letter from the appraisal district that starting 2025 tax year, we will be taxed at it market value resulting in additional taxes, interest and possible penalities for 3 prior years.

This is due to all the foreclosures that have been tied up in land court since the pandemic. 

The knowledge gained from the podcast helped me purchase my first three investment properties, and a piece of land.

But 1031ing your current land into better production land that you rent out can be a very stable platform.  

The land deals have filtered down a ton too. 

Hey Makani, you should check out DSCR loans, which are primarily for investment properties and focus on the property’s income potential rather than your personal income.

I'd also like to try to purchase with a land trust or my LLC. 

I'm constantly juggling the rates for my Airbnb listings based on what my competitors are charging. 

- Land Contract would be better:)Question: how are you going to lose $2500/month if you rent?

Then you'll need to find land, acquire it, find a spec home buyer and set up meetings to design plans or buy a set online with mods.