Les
If you asked my 2 cents, renting out land as an investment is not going to pencil out for you. Need to farm it yourself if you want to have a chance at a good cash flow return. Land is too high and even at low interest rates rents have a hard time paying any mortgage let alone being the best investment return out there.
That being said, if you are looking for an investment in a solid asset that should never go to zero and you Have a 20 year investment perspective, farmland just might work for you. Especially if you have a love for the land. Appreciation in the long term is likely but in the shorter term we might be near market tops here.
Forget about it for fast money investment
My 2 cents.
If you asked my 2 cents, renting out land as an investment is not going to pencil out for you. Need to farm it yourself if you want to have a chance at a good cash flow return. Land is too high and even at low interest rates rents have a hard time paying any mortgage let alone being the best investment return out there.
That being said, if you are looking for an investment in a solid asset that should never go to zero and you Have a 20 year investment perspective, farmland just might work for you. Especially if you have a love for the land. Appreciation in the long term is likely but in the shorter term we might be near market tops here.
Forget about it for fast money investment
My 2 cents.
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