Land buying tips

[George The Curious]

What the fuck are you talking about? $200k for what, where?

Some of Toronto's wealthiest land owners/developers have been my clients. And, without exception, they have made money hands over fists buying land in the GTA... just because you can(?) pick out one isolated example does not disprove the theory.

No one said every deal is a winner! That's foolishness! There is no such thing!

But no one who bought land in Torontoi when the market was shitty lost money on it if they were patient and had staying power!

If you are trying to make a quick profit then, with very few exceptions, buying vacant land is not the game for you!

One of Canada's quietly wealthiest businessmen put it very succinctly several years ago. In buying/selling land, when the market goes to shit, the amateurs lose money and the professionals make it in spades: any fool can make money when the market is hot.

Perry

dude do you know how to read? where did I say you shouldn't buy when market is shit? I did exact opposit, bought a house in 1995 in scarborough for 180k. sold this year for 500k. I think the party is over

 

[George The Curious]

Did you have somewhere in Toronto in mind where a real estate purchase in the low-price '90's wouldn't yet have broken even? Otherwise all you're doing is imagining your idea of appropriate return over a given time applies universally. Sorry, but you're unigue and speak only for yourself, while I'm not the only one who says a depressed market is a buyer's opportunity.

wwtf u talking about? what am imagining? I said it was a great time to buy in 90s, but majority of people were skeptic and had no money. I did buy in 1995.

my point was people generally follow the current trend which if foolish considering it can and will always change .

 

[richaceg]

SO what do you think George? is that a good buy or what? I was just planning to sit on it. maybe 10 years tops. just looking for long term investments that i can hold....

 

[eldoguy]

That's for when some one is coming to stay with you but nobody knows who the fuck is coming!

Perry

Friends are Welcome

Relatives need to make a appointment!:attention:

 

[George The Curious]

SO what do you think George? is that a good buy or what? I was just planning to sit on it. maybe 10 years tops. just looking for long term investments that i can hold....

10 years is pretty short term in RE market. Considering in event of market correction, it is the outskirts if toronto to be affected the most, your chance of turning profit after 10 years pretty low. Maybe 20 years if you have the patience.

 

[babyfinsta]

SO what do you think George? is that a good buy or what? I was just planning to sit on it. maybe 10 years tops. just looking for long term investments that i can hold....

land is garbage. there is a reason its that cheap. description already tells u there's a ravine and its part of the greenbelt. hence, sanitized for future development.

 

[George The Curious]

95% of land in ontario was unused 50 years ago, and still remain unused today, and will remain unused 50 years from now. Land that is not close to city centre has little appreciation potential unless you find oil underneath.

 

[exceed]

Grow some weed, that's a solid investment.

I have weed growing in my lawn... is a bad investment. I have to trim, cut on a regular basis

 

[blackrock13]

If you're looking for some rural lots large and small, look at Dingnum Land; http://www.dignam.com

 

[George The Curious]

Farm prices already gone up 5x in the past 7 years, even outpacing city RE boom: http://www.lfpress.com/2013/06/12/farmland-prices-in-southwestern-ontario-are-soaring