Quote (MyEnemy @ Oct 15 2013 08:40am)
1. Buy land for $300,000
2. Pay $7,000 in property tax every year
3. sell it for $300,000.
4. ????????
5. Profit
Great investment, you should start your own bank.
In my area land doubles in value every 7 years in the right areas.
Bought apartment for $275,000, its worth around $420,000 now.
House for $450,000, it is worth $530,000 less than a year later.