Quote:
Originally Posted by thelegges
We bought a new, PV as a unfinished long term rental 2 years later bought a cottage sold the PV, continued to long term, which we sold purchasing the next 3/2 with cart garage. When it was time to retire we bought a home that fit our final needs.
Since there wasn’t any furniture to move from house to house not a problem. Time span from first house in 10 years. Managing long term is pretty easy, and renters usually wanted a multi year lease. Would we do this in todays market, maybe, but the first house is going to cost more than $300,000, if you want to sell it for something that suits you lifestyle better, years down the road
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Agree. In today’s market you should consider view lots if you are in it for an investment. A lot on a pond or wildlife refuge would appreciate or appreciate much more than an internal lot. I would not consider a corner lot (irrigation costs and lawn maintenance). I would also steer clear of some golf course lots due to golf ball problems, others are much less susceptible to ball damage. Expect an extra premium for the view lot of about 150k in today’s market. Also consider much higher taxes based on your actual purchase price. Further, you are in that type of home at least 10k a year in sunk cost expenditures.