All Forum Posts by: Lance Johnson
Lance Johnson has started 1 posts and replied 2 times.
Great point, Stuart.
Normally you might have a fast flip, but if you're going to hold it anyway, might as well improve it!
I've been investing in rural vacant land for the past couple of years and am looking at diving in more.
That said, I haven't had to live through a downturn 🙃.
The big things I've thought of are:
1. Sales price of land we just bought drops. We try to buy at 30-40% of retail and sell at 75% of retail.
2. Days on Market skyrockets. Raw land isn't critical, so I could see the DOM going through the roof.
What other factors am I missing?