the_clockwork said:
land where I live is no where close to what you guys probably pay.. I'm from midwest!
We do land development. You can take yor money and invest it in a development project:
Here's an example: One of our projects
Say you invest: $500,000
Investor rate: 15%: Annual return Paid monthly, this is paid interest on your money
Closing date: 7/31/07
Borrower: Be*** Gre*** Partners, LP
Guarantors: Be*** Gre*** Partners, LP and Bl** Su***** Development, LLC
Purpose: To provide financing for entitlment of a 12,000-15,000 sf retail center in Or***** CA
Aprraised Value: $4,5000,000 hypothetical value at a 6.5% CAP with $2.00 sf NNN lease
Collateral: The future value of the property and personally guaranteed by Be**** Gre**** Partners, LLP
Investor term: 18 months
Return Reserve: Interest only, paid monthly
Payment Guarantee: All partners of Be**** Gr**** Partners, LP
Min Commitment: $50,000
Exit Strategy: Investor lenders will be repaid once the construction loan is secured
So you can invest in a project like this or set up your land in this scenario (if development is allowed) collect 15% interst on your money monthly, still have you initial investment upon exit which you could 1031 into another project and keep it rolling. You could even take a loan to buy your property at say 10% or so, still be 5% to the good on your investment and right the interest of against your income on your investment.
PM me I'll send you some general info