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Old 12-31-2014, 05:57 PM
 
20 posts, read 12,853 times
Reputation: 15

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I want to invest in real estate or farm land.

may be near homestead or any part of Florida.

I am not interested in doing the farming myself as i m not familiar with farming.

i can do it if it is profitable but that is not my field.

i may be even interested in real estate but someone suggested me that Florida market is a bubble and real estate market may go down but farmland may never go down

what u guys think?

is there any profit in farming or leasing the land on rent?
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Old 01-01-2015, 12:17 AM
 
Location: Heartland Florida
9,324 posts, read 22,299,350 times
Reputation: 4860
Farm land is overpriced in the Homestead area. However, farm land is the best real estate investment because you get significant tax breaks. The farther you get from the developed areas, the better the value. My rule for investing in farmland is to pay for each acre what it produces in profit in 5 years. You will not make that leasing to farmers, as they may only pay 500-1000 per acre per year for the most valuable farmland. But if you have money to park, you will come out ahead as you may only pay taxes on the agricultural value which can be less than 1000 per acre. Here in Hendry County in 2010 I picked up pasture land for 1200 per acre but it has gone up double that in the last year. In Homestead the CHEAPEST farm land I saw was 20000 an acre and you have to buy at least 40 to get that price. I call that a speculative market.

As for rentals you can really lose your shirt. You must buy the property for less than 3 times the median income of the area you want to rent to. That is a lot riskier than farmland in my opinion. Farmland goes up and down, but you don't have to worry about a home burning down, cleaning up after a bad tenant or code enforcement stealing thousands from you because a tenant wants to get even.
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Old 01-01-2015, 06:55 PM
 
20 posts, read 12,853 times
Reputation: 15
thanks for ur reply

if income is applied towards buying the land its tax free income?

do u raise something or profits just depend on appreciation?

when selling the land do i have to be here or it can be all done on internet?
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