I was bored the other day so I was looking through the real estate listings up in Cottage Country. I noticed a plot of 4 acres of land for sale for $30,000.
I was wondering what one should consider before investing in land they don't intend to live on? What can I expect with regard to taxes at time of purchase, while owning the land, and if I eventually sell it.
For the sake of argument assume I'm not planning on building a house or cottage on the land. It would be only used as an investment and maybe an annual camping trip.