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Is it better to buy or build?

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Adam K

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Born in Brooklyn NY, Living in Virginia
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Hello all

Is it better to buy an already built house? Or would it be better to buy raw land and build on it. What im thinking is I found 2 immediate land plots one is 14 acres the other is 5 acres but both in a good area between Woodbridge va and dumfries not a whole lot of housing available. What i was thinking is buy one of the land plots maybe the 5 acre one and just build housing on it and just hold the homes for rentals. Both have alot of trees on them and I know my uncle has done this before he bought a land parcel with trees on it and sold the trees to a logging company. They paid him 30k for the rights to log on his property after it was done he built a bunch of houses and just sold them.

What do you think?

Thanks
Adam
 
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With more than 39,000 posts packed with insights, strategies, and advice, you’re not just a member—you’re stepping into MJ’s inner-circle, a place where you’ll never be left alone.

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  • Powerful Networking Opportunities: Connect with a diverse group of successful entrepreneurs who can offer mentorship, collaboration, and opportunities.
  • Proven Strategies: Learn from the best in the business, with actionable advice and strategies that can accelerate your success.

"You are the average of the five people you surround yourself with the most..."

Who are you surrounding yourself with? Surround yourself with millionaire success. Join Fastlane today!

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