I live in Chicago and already have bought a couple preconstruction condos as an investment. I have seen some land/lots for sale for what seems like reasonable prices in areas that have potential to be “up-and-coming” areas. What do you think, in general, about how how good of an investment land is? Would you recommend building on it, or waiting until the cost of the land appreciates a good amount and then flipping it? Do any of you own or have owned land as an investment in a city? What are some of the things I should consider, in this kind of investment?
