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| I put up a small farm so my son could buy a multi unit building. At the time he bought the apartments it was close to the 1% per month figure. The Project cash flowed barely. The seller represented that he was behind on raising rent. My sons's research seemed to agree with this so I backed him. The rate of return just looking at the rent seems good compared to farmland. that is only part of the story though. When my son's building was built in the late 70'sor early 80s it was worth a little over 160 acres. Now the price wouldn't buy 80 acres. From my experience Farm land is a better investment longterm with alot less hassle than residential realestate. But right now it is hard to cash flow very much farmland. Our hope is my son can roll his equity over into some farm land of his own at sometime. | |
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Rental house market
