Anyone have any experience investing in recreational land? I'm familiar with large companies such as TLC, who buy up thousands of acres of land, subdivide...sell. sometimes they do some value added before the sale...such as power, water, cabins, etc.. but often the land is sold raw.
One thing I've considered is buying a 20acre parcel and building a little bit every year. I'm only 23, so I figured if I had it paid off within 15 years, and my cabin/house was complete or near complete, then I'd have an excellent vacation home paid off.
Truthfully, I just want to invest into solid assets. Paper is great, but land is forever :)
I should say as well... from an ROI stand point. I had this in mind of recreational land.
buying 20 acre lots, building small, inexpensive cables in the sub $5000 range and either:
a. renting them out all year
b. selling subdivided lots with cabins on them.
one of the areas i'm looking at butts right up to public hunting land that is filled with litterally thousands of hunters every year... so i think it's marketable.
I wouldn't think it'd be difficult to rent out if you buy in the right location. Close to skiing, fishing, hunting, biking, rafting, etc. I bought a place I can hunt on for a few years then hopefully sell it as commercial property. (fingers crossed)