New Poster
Joined: 25 Nov 2009
Posts: 3
This Month: 3
7191.38 e$
Net worth: 7,191.38
Portfolio Value: 0.00
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The concept of remote farming is great, investing in a piece of land and letting someone else work it to pay the mortgage, the problem is that farming is not a very lucrative industry for the "little guy."
I doubt very much that you could come out on top in most cases, between paying a mortgage on the land, paying taxes, paying the farmer to work it, and paying all the farming related expenses.
I give you points for creativity, but I think I'll stick with residential lease properties, as there's always a market for low-middle rental units in working class areas.
Best of luck with the remote farming, and if you have success, come let us know! |
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