Mark from MA
NES Member
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- Jun 4, 2008
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Ive been thinking of doing the same, buying some land in KY, TN or SC or NC.
Holding me back is that I can't rent it and pay back what I put into it. I really rather have a tax writeoff rental property.
Been thinking of buying a house with some land and renting it back to my daughter in SC. That is more likely situation for
me, then I can write off travel to visit her as it would be for "maintenance of the rental". I probably should have done this already, but I didn't
want to buy a stupid condo or shitbox with no real land. Problem is land around her has gone up like crazy and big lots are bought by developers.
The other drawbacks of raw land is that I won't be there year round and dont want to have issues with trespassers if I put a cabin or something on it.
I know I can talk to the neighbors about stuff like that but still it can me an issue. I don't want some Methhead a**h***s ruining my shxt.
I think if you look at urban centers in the south and go 45 min to an hour down the highway, in the future, I think it will go up in value for sure.
Holding me back is that I can't rent it and pay back what I put into it. I really rather have a tax writeoff rental property.
Been thinking of buying a house with some land and renting it back to my daughter in SC. That is more likely situation for
me, then I can write off travel to visit her as it would be for "maintenance of the rental". I probably should have done this already, but I didn't
want to buy a stupid condo or shitbox with no real land. Problem is land around her has gone up like crazy and big lots are bought by developers.
The other drawbacks of raw land is that I won't be there year round and dont want to have issues with trespassers if I put a cabin or something on it.
I know I can talk to the neighbors about stuff like that but still it can me an issue. I don't want some Methhead a**h***s ruining my shxt.
I think if you look at urban centers in the south and go 45 min to an hour down the highway, in the future, I think it will go up in value for sure.