Wondering it this would be a workable idea real new to real estate

**RobM** · 02-16-2008, 10:04 PM

If you believe that the track will bring in jobs both during construction and after, then yes, most likely the property will go up in value...but to me a race track is kind of a wild card...as pointed above with noise and traffic...I just dont know

**carlam** · 02-17-2008, 03:50 AM

I aggree that you really need to do more research! I don't believe that because a track is going to be built is a good enough reason to buy. What has that got to do with renting? What once a year (oops! am I showing my ignorance about racing) or whenever the races occur you would rent your places to the incoming traffic of people in attendance? That makes no money sense to me.

Commerical property would be a better choice; that or land. Whatever you decide to do, research, research, research, and then do some more! One other little piece of advise, have a nice rounded portfolio of investment properties, not all in homes.

**mjgiorgianni** · 04-08-2008, 02:12 PM

"I agree with the last comment. This is a slower market than the previous ones we've been experiencing... if you decide to go through with this purchase, be prepare to sit on in, because that could happen.

Best wishes."

I agree with FSBOJane