I have listened to many podcasts (yes I was the one that Jack & Jill had fun with my name Jeff U).
I have noticed that a lot of people that have been in the land business for sometime end up either moving in a totally different direction in real estate or they keep the land business going and dabble in other areas of real estate. Example: I know Jack & Jill are now also getting into houses (yes they are still going strong with land). Other land investors get into apartments or house rentals, etc. My question is why?
I have thought about this and come up with a few possible reasons such as they want to do less buying and selling to make the same amount of money. Maybe it is about diversification and they feel that maybe land sales will slow down in the future and if they own other types of property that will allow them to diversify.
What are your thoughts?
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