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Updated about 10 years ago on . Most recent reply

User Stats

504
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217
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Carolyn Morales
  • Investor
  • Jacksonville, FL
217
Votes |
504
Posts

Looking for more land

Carolyn Morales
  • Investor
  • Jacksonville, FL
Posted

I once bought 5acres for 10 k and it was a perfect rectangle with even frontage wider than depth. I had it resurveyed into 5-1 acre lots and sold them all for $7500 & $8000 each owner financed. I then bought a commercial lot for 17k and held onto it a few years then sold it for 55k owner financed..I never stepped foot on any of the land I just had to do paperwork. It was the easiest $ I ever made. I have since dealt with being homeowner and involuntary landlord on a couple properties. I prefer land by far! It is a lot less work. 

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