Hello Land Academy family,
I am an experienced yet lightweight real estate investor with a good paying W2 job. I know a lot about SFR investing, and if I were to go that path I know I’d be successful over the long haul. Bumps and bruises sure, but all in all I’d accomplish my goal. HOWEVER, I’ve been doing a lot of learning about land investing, as initially I wanted to find a way to creatively by my own piece of land with the postcard view in a few different spots around the country and bounce from place to place when I retire. As I listened and read more and more, land investing struck a chord because you are not really dealing with people and houses. I do like that from a retirement standpoint and generating passive income. Right now at my age (38), I’ll admit land investing seems a bit boring, but it seems like the quickest way to get to my ultimate goal and my “Why”. That is to retire from a W2 job in 7-10 years. Sooner if I can. I’m done. I want to enjoy my wife and travel the world with her.
In about 30 days I’ll have a $200K HELOC on my primary residence to use to invest WISELY with, and help accelerate my path to retirement. My plan was always to buy at least one rental property per year, then 1031 exchange those 10 properties or so into an apartment complex or two when I retire and just live off of the rental income. Solid plan, many people have done it, and it would work unless I screw it up. The land game seems less competitive with much higher returns. The biggest difference being in this game is that selling is a major part of the equation, and with traditional buy and holds, selling is something you do very rarely.
Curious if there are any traditional home investors that made the switch and if so, how is it going? I’ve spent a decade learning to invest one way, and now that I finally have an influx of available capital, I’m getting second thoughts about my investing strategy! I was thinking of putting about $20-30K aside for land investing and seeing how I do?
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