Land Investments by Deafies?

Nesmuth

Nesmuth

New Member
Joined
Jun 4, 2004
Messages
3,191
Reaction score
1
15 yrs ago I invested in pieces of land in Salton City and the lots were $4-$6,000 each and everyone I talked to about this were like 'poo-poo Salton City...It's a toxic paradise' and all kinds of negative stuff including "middle of nowhere" from my own mom. Fact it was actually a toxic soup the Salton Sea WAS at the time I bought the land there. Then came the superfund cleanup to remove the fertilizer rich runoff that has acummulated in Salton Sea. Then came the travel center and casino. The result is property values have Jumped up in the past 12 months and they now average $75,000 per lot.

I also made some bad investments like a $700 lot in the San Jose area in which it started to go to like $2,000 then came the Loma Prieta quake (the famous candlestick stadum world series game quake) and access to the happyland district were peppered with visble cracks on the ground cause the land value to slip down.

The same thing for my Mc Coy trial investment near Clear Lake. It was a $5,000 investment on a paper subdivision. The values there was good until "The Geysters" a city 10 miles south west started to exibit pre-volcanic symptoms that led to the discovery of a huge magma bubble miles beneath the subdivision and that causes the values to sink.

I also have a piece of land in the Val Verde area north west of the Magic Mountain area that looks good for 10 oil wells. I'm still looking for investers who would buy and put the oil well/pumps there. I originally bought the place to put 3 mobile homes on it for my retirement 'paradise' then the oil wells started to pop up around in the years after I bought the land.

I wonder if any other deafs have made interesting land investments like this.

Richard
 
For what it's worth, Richard, make sure you have your deeds state that you also have mineral rights to your property and talk to an attorney, as well as a financial planner. I'm giving you legal advice, but I do advise you to contact an attorney who will operate in your best interests.
 
Richard, encouraging equity wealth is a very powerful tool for advancing the socioeconomic standing of any minority group. I am glad to see you partaking of this opportunity to secure your and the deaf community's socioeconomic future.

I lived in Seattle for about a year and when I was there, I attempted to set up a homebuyer education program (as anonymous initiator) for the deaf. The idea was that by encouraging home ownership, deaf property owners would have increasing access to the many benefits of higher socioeconomic standing. Unfortunately, I left Seattle and last I heard, administrative mismanagement spelled doom for my efforts.

As for assets, I've been interested in real estate for quite a while, but I'm not sure I'm comfortable sharing this kind of information online to a general audience.

Nonetheless, keep up the good work! I also have a wonderful paper titled "The Changing Face of Inequality in Home Mortgage Lending" from a professor at the University of Notre Dame that you may be interested in. The paper details discriminatory and predatory lending practices towards ethnic minorities, but can easily be interpreted in the context of deaf people. Let me know if you want a copy.
 
Endymion said:
I also have a wonderful paper titled "The Changing Face of Inequality in Home Mortgage Lending" from a professor at the University of Notre Dame that you may be interested in. The paper details discriminatory and predatory lending practices towards ethnic minorities, but can easily be interpreted in the context of deaf people. Let me know if you want a copy.
Click to expand...

I am keen to know more about this paper. Can you please allow me to have one copy? :fingersx:
 
Investment property or 2nd home

If you are interested investment of property or new second home or 35th home.

You can check out Minnesota Investment Property. They have a lot of cool information and seminars. Unfortunately, they are only in Minnesota for seminars. However, they invest in all over the USA for properties.

In near future, I would like to see more deaf investment into real estate as second or many homes for rental properties. Perhaps we can start first of its kind.
 
Deaf Mortgage said:
If you are interested investment of property or new second home or 35th home.

You can check out Minnesota Investment Property. They have a lot of cool information and seminars. Unfortunately, they are only in Minnesota for seminars. However, they invest in all over the USA for properties.

In near future, I would like to see more deaf investment into real estate as second or many homes for rental properties. Perhaps we can start first of its kind.
Click to expand...

I hope so. I am into real estate investment too. Recently, I read about real estate investments that are getting bad. Please enlighten me. Thanks!
 
Land Investments is good if Ya know what ya are getting for... my buddy and his father bought a land in near Louisville ky and hoping that a buisness complex wld buy or lease the land and it was a sucess.. have to be familar with the area and etc..people been buggin me for get one myself.. but i still not sure WHERE.. maybe a moutian property or acreages of flat land.. but from what other said. best buy land near interstate, highways etc.. bec my dad profitted alot from his land near i65 few years from 15,000 to 80,000 so wait and see what it leads me to...
 
i wanted to buy maybe 5 acre land to play.. yeah play on the land.. not to build a house.

by playing i mean 4 wheeling, etc.. making jumps so on..

there are couple of lands for sale around here like 40 acres for $39,000.. and yeah that's cheap cuz its under $1,000 per acres.
 
Casperman - It sounds good, but I think not anymore because of the domain eminent. It is a risk. We had about 40 houses and 3 farms next to my town, and the town took over these houses and converted to several outdoor malls. I have not seen a single deer since the mall developments.


I probably would buy a property for a graveyard. We will bury all developers who built the malls in the graveyard. :roll:
(Don't you think that it is a good idea?)
 
The deeds show that I have mineral interests.

I'm thinking about California City as I'm picking some interesting rumors of developments being planned for that area.

Richard
 
My hearing friend mentioned about oil & gas lease ownership. I am not free to attend the tomorrow's seminar. You can check on OilPods | Home and please feel free to share your opinions of this. I am not fully sure of this but would like to find out more. :ugh3:
 
My brother and I own a piece of land in Northeast AZ. They just recently built a skiing resort about 10 miles away so things are starting to happen in this area.
 
Investments are great for your future retirement! We will invest to someone who is from NC. We will flying there and will ask them alot of questions before we invest them sometimes this year.. Hopefully!

I learned ALOT thru from my brother in law who is Broker, Realtor and Investor.

Im telling ya that is more money than what you work earn.

Myself, I dont know very much about in "Business Management" but still learning everyday and never stop!

:afro:


M-
 
kalboy said:
I'm too young to buy any land. Plus I can't afford it in California.
Click to expand...

How old are ya ? Dont ya mind ?lol


It isn't matter.. u can buy a land from $5,000 to up... depends on area in Califorina. Your money will getting grow...

Or u can buy a land from other states.


:afro:

M-
 
DeafSCUBA98 said:
i wanted to buy maybe 5 acre land to play.. yeah play on the land.. not to build a house.

by playing i mean 4 wheeling, etc.. making jumps so on..

there are couple of lands for sale around here like 40 acres for $39,000.. and yeah that's cheap cuz its under $1,000 per acres.
Click to expand...


yeah, that is not too bad! ! !

:afro:

M-
 
ScubaladyTx said:
Investments are great for your future retirement! We will invest to someone who is from NC. We will flying there and will ask them alot of questions before we invest them sometimes this year.. Hopefully!

I learned ALOT thru from my brother in law who is Broker, Realtor and Investor.

Im telling ya that is more money than what you work earn.

Myself, I dont know very much about in "Business Management" but still learning everyday and never stop!

:afro:

M-
Click to expand...

Me too, I learn everyday about the finance. I should take a course ENCOM 101 :D
 
Kalista said:
Me too, I learn everyday about the finance. I should take a course ENCOM 101 :D
Click to expand...


Oh yeah! then we should take that class then trying to beat the guys in "Business Management". Yeah! Women can do it! Don't ya think girl ?

:afro:

M-
 
Yes I do the investing with my parents, living in a land with mobile home on.

My first time invest was a small 588 sq ft house in Salem, Oregon, I bought it for $61,500 and sold it for about $82,000.

About the land that I am living in right now, me and my parents are planning to build 8 condos on the land where I am living right now and we could benefit alot of money from it while we only bought the land for $107,000 while we could earn about probably $400,000 to $800,000, and I will own 35 percent of the money and my parents get the rest of the money.

I don't think I am going to invest any more further, I am tired of moving and feeling like I don't have a real home, I prefer to use those money for my real home where I would feel settled down.
 
Back
Top