Investment Options ?

John Mercier · 10-17-2021, 08:29 PM

He didn't stipulate a long term investment.
6-12 months.

And then he asked which town(s) around the lake.

People chimed in with stock and bond index funds - valuable plays but not what he even inferred - and then went off a tangent about long term investing.

A 6-12 month investment in property somewhere around the lake creates a hefty acquisition/carry cost. Will the expansion of valuation cover the acquisition/carry cost and provide a return? Hard to tell.

He would need a property that is in high demand with few other competing parcels.

Belmont, where I live, has open parcels - even some large ones - but we have also seen some of the developments sit idle for years and looking for buyers.

The Gilmanton property I got at a very good price - paid less than 50% of assessed value - and placed in CU II for seven years. I made money, but not sure that I couldn't have done just as well being in stocks. A lot less paperwork and I could have hidden it in tax-deferred accounts.
But he didn't ask if stocks were a better long term investment.

Raw land as a short term passive investment - at least in my experience - is very fickle. Active investors - like developers and builders - seem to do much better.

10-17-2021, 08:29 PM	#11
John Mercier Senior Member Join Date: Jun 2021 Posts: 3,474 Thanks: 3 Thanked 610 Times in 504 Posts	He didn't stipulate a long term investment. 6-12 months. And then he asked which town(s) around the lake. People chimed in with stock and bond index funds - valuable plays but not what he even inferred - and then went off a tangent about long term investing. A 6-12 month investment in property somewhere around the lake creates a hefty acquisition/carry cost. Will the expansion of valuation cover the acquisition/carry cost and provide a return? Hard to tell. He would need a property that is in high demand with few other competing parcels. Belmont, where I live, has open parcels - even some large ones - but we have also seen some of the developments sit idle for years and looking for buyers. The Gilmanton property I got at a very good price - paid less than 50% of assessed value - and placed in CU II for seven years. I made money, but not sure that I couldn't have done just as well being in stocks. A lot less paperwork and I could have hidden it in tax-deferred accounts. But he didn't ask if stocks were a better long term investment. Raw land as a short term passive investment - at least in my experience - is very fickle. Active investors - like developers and builders - seem to do much better.