Recreational Land Is An Inexpensive Long-Term Investment
Buying
a vacant land to use as recreational land can be an inexpensive investment in
the long run, the property taxes can be
cheap, property insurance, no utility bills and no mortgage payments depending
on whether a loan was taken or not
Recreational Land Can Be Used For Family Bonding
Recreational lands can be a perfect option for outdoor family
gatherings during home vacations and summer vacations, you can slow down,
unplug, and spend time with one another without any interruptions, recreational
lands are also go for family outings like camping, hunting, fishing, hiking,
ATVing, and playing sports,
Recreational Land Provides Tax Deductions
Investing in vacant land to use as recreational land
can be a financial benefit even though the purchase of vacant land does not
immediately create income, there is tax benefits owning vacant land. In the
beginning you will have to pay a few other carrying costs (maintenance, HOA
fees and property tax, but with time you can easily deduct these costs When
it comes time to file taxes, you’re
eligible to deduct certain investment expenses as personal itemized deductions on
Schedule. These expenses are ordinary tax deductions that give you tax benefits
at your regular income tax rate. Interest
that you pay on money borrowed to purchase vacant land may also be
considered an investment expense and can
be deducted as an itemized personal deduction. However, the annual deduction for interest payments is limited to
the investor’s net investment income for the year. To get your net
investment income, subtract all of your qualified investment expenses from all
of your investment income.
Recreational Land Is A Valuable Resource
Land
is always a valuable investment because it is an essential natural resource, there are limited quantities available
for recreational uses by purchasing it, you’re putting yourself in a position
that is advantageous long-term. You’ll
not only purchase something that you’ll love and use as a source of
entertainment, but you’ll also hold it as an investment for a long period.
It Has The Power To Make You Happy
Getting out in nature also makes you
happier and healthier, recreational land is used for camping,
fishing, hunting, ATVing, hiking, and other activities that get you outside and
into nature. If these are some of your favorite activities, then purchasing
recreational land will give you the opportunity to participate whenever you
want.
.
It Is Safe And Consistent
Land
is a long-term, tangible asset meaning It doesn’t fall apart or wear out. Nothing gets stolen or broken or
destroyed If you use the land in its pure form, then you don’t even have
to worry
about maintaining features on the land (buildings, plumbing, and many more when
you think about the risk associated with recreational land, the truth is that there
is very little that exists and all of these benefits at no risk when you purchase recreational land at the right
price and complete your proper due diligence.
Hoping everyone has a safe and enjoyable 4th of July.
Until next time.
Semper Fi
Eric