Vacation Property
I really would like to try to find about 5 acres of nice mountain property (around Cascade, Lowman or Garden Valley) to build a nice steel shed storage for our RV and to camp on. Plus, the way property is going in Idaho, it would probably be a great investment. Eventually, maybe even have enough money to build a 1500 ft^2 cabin or something. Unfortunately, property values have skyrocketted in the last 5 years as much in the hills as they have around Boise (more even). Plus, my stock investing prowes leaves much to be desired, and I have some Intel options that are way under water right now, as are some Ford options. Email me and I'll tell you what I'm thinking about investing in next so you can be sure to sell all your interests in it (LOL).

We found a nice spot up by Cascade in Whispering Pines Subdivision (5 acres for $158k) with power, phone and septic approved, but damn that is a lot of money. Also found something in Murray Creek, just South East of Smith's Ferry, ID. And we can't build a shed/garage for the RV on either property before building a house. And you can't write off the interest on a land loan as a second home unless it is secured by a home (essentially you have to have a house on the property to deduct the interest). So, I really need to have Intel hit $25 before my January 2007 options run out, then I just buy the land and mortgage a house to be built on it.

Update (10/26): We just made an offer (and it was accepted) on a 1.57 acre piece of property (Lot 19 in Whispering Pines), near the one we had been looking at! We close November 20th.




- posted by Jeff @ 6:05 PM | 2 comments