Investing in Duplexes, Triplexes, and Quads: The Fastest and Safest Way to Real Estate Wealth As with most all investments, vacant land and raw land hold boom or bust potential. The boom often occurs through development, while bust is typically brought on by taxes, slow appreciation in land value, and lack of income-tax deductions or depreciable dwellings. For example, you can depreciate your rental unit, but if the lot is vacant, there is nothing to depreciate. There is no monthly rental check on raw land. The idea of using available timber to offset your costs raises a variety of issues. You probably have heard the awful stories of despicable landowners who buy and/or divide their property, clear-cut all or a portion of the land, sell the timber, and then quickly move out of the territory.

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