ROI on Puna Rental Property

[jimmysmith]

I don't need to sell the land. I can wait for years for the market to recover, if need be. In fact, I've thought about buying more lots just as an investment. You can get 3 acre lots in Puna for around $8000 an acre. Some HPP lots are going for $20K. The one thing that keeps me from doing so, however, is that it could be years before big island real estate recovers.

As for building a rental on my current lot, you've all convinced me that my gut instincts about doing so were right. It would be a bad idea.

Thanks for weighing in.