What are your exit strategies? What is the zoning commercial or residential? What do you consider a good price 25% below market 5% lawn market? You need to have multiple exit strategies you're gonna sit on land and it doesn't cash flow. You could flip but if you buy it low enough like $.50 on the dollar. And if you're not getting that deep enough discount then it's not a good flip. Rezoning and doing entitlements can yield quite a large upside but you need to know what you're doing or partner with somebody who does. There's tons of variables and you need to know this before you spend a penny
land is a good investment depending on location. If the land value, price per acre is average for the area or can control more of the terms & get a good price.
I am not familiar with that part of the country but can definitely be good depending on what the land has to offer, timber, water, any mineral rights, or is already cleared for residential/commercial development. You need to consider if has utilities already hooked up or needs it depending on what you plan on doing.
Land can really vary based on one's intent with the property. If residential/commercial, ensuring that it is already zoned for how you plan to use it can make a difference.
What are your exit strategies? What is the zoning commercial or residential? What do you consider a good price 25% below market 5% lawn market? You need to have multiple exit strategies you're gonna sit on land and it doesn't cash flow. You could flip but if you buy it low enough like $.50 on the dollar. And if you're not getting that deep enough discount then it's not a good flip. Rezoning and doing entitlements can yield quite a large upside but you need to know what you're doing or partner with somebody who does. There's tons of variables and you need to know this before you spend a penny