Posted 10/13/2021 20:09 (#9267501 - in reply to #9267476) Subject: RE: Where does a young guy start investing money?
Grandpa calls it God's country, NEIA
When your young, With little to no assets. Get aggressive.
Don't be afraid to step up to the plate when the opportunity comes around. I couldn't afford farmland right off the bat, So I starting splashing around in the rental house/duplex market. Now the housing market is sky high, I'm liquidating my rental holdings and throwing it into the farm.
Always be on the look out for opportunities. 2 years ago, I went to a land auction where they were selling 80 acres, with an acreage. And 75 tillable. 5 acre wetland. It was cut up, no tile and 2 terraces. 84CSR2 on all the acres. Farm sold for 4850/acre. And 170k for the house. I was a moron and just wanted the tillable, and didn't want the house. So I didn't bid.
By far my biggest mistake, I could have earned ALOT of sweat equity in that farm. Even if I just sold the acreage off.
Could have made some serious money in appreciation in today's market. But hind sight is 20/20.
Make a decision and don't look back.
Keep track of what the farmland market/housing market is, So you realize what is and isn't a good buy.