Is buying a piece of land a good idea?
Hello everyone,
My name is Tim and I am just starting out on my real estate journey. I found a piece of land in Desert Hot Springs, CA that I am thinking about purchasing. It is near palm springs and I was thinking in the future to place a modular container home. It's a residential plot of land. I figured that worst case would be that I have land that I am paying for a few hundred per month. My question is, is buying land a good investment?
Any comments or advise would be greatly appreciated.