Long Beach, CA · Member since 2021 · 2 posts · 0 votes
I have some retirement money to invest and thought instead of the stock market, it may be smart to diversify in land (I don’t currently have any). Assuming I find land in a growing residential market with access to water, plumbing, etc, do you think I could buy a plot and resell in 2-3 years? I’d like to access the money in a few years to buy my 1st, and hopefully forever, home. Perhaps I’m being a little naive in my thinking.
Are you comfortable locking in your money for a few years without a guaranteed return? I have seen this scenario go two ways (both in CA from working at a real estate development firm): depending on a location, you could either end up with a significant return on your money or end up selling at a discount because the location is not desirable.
Have you considered putting that money towards real estate instead so you can get immediate return on it? Cash flow, appreciation, tax right offs etc.
I’m comfortable with a small return but obviously don’t want a loss. I’m open to real estate but really want the money back in 2-3 years to help buy a home for myself to live in. I’m wondering if my window is too small for a real estate investment?