Sell Or Hold Plots

Jeremy has two plots of land in Florida, but it's a risky property. Dave tells him to wait a year and then sell them.

QUESTION: Jeremy has bought two lots in Florida and the appreciation is fantastic there right now.  However, he has borrowed money invested in risky property.  What should he do?

ANSWER: Make some profit over the next year and then sell the properties.  The most risk you can possibly take in real estate is to be a developer.  The second most risky real estate move is resort-type property.  There’s no middle ground – you’re either going to lose everything or make a killing. 

If you’re going to invest in resort property, it should be a very small percentage of your investment and paid for with cash. 

Jump-Start Your Goals!

Jump-Start Your Goals!

Get our 8-Day JUMP START series and weekly newsletter that are packed with articles and tools to help you win with money.

Reach Your Money Goals

Reach Your Money Goals

Start with a budget. Join the millions already budgeting with EveryDollar!

Create My (FREE) Budget

Thank You!

Your 8-Day Jump Start is on its way to !