I'm even having a hard time making the decision for myself as I imagine I am in your shoes lol.
I do know that I wouldn't be so concerned about the minimal effect of developing the land. You will in turn nurture that same piece of property for years to come.
In the end I think it comes down to how much flexibility you would like. A developed home can be sold or left to renters in a short time. It would be tough to up and leave a project in progress. Good luck with your decision!
Great points. While I have enough capital to make this decision once right now, I don’t have enough to know for sure I can complete the build if the unexpected happens. Even the investment property involves some risk of not being able to keep it renting, needed repairs popping up, etc. but it’s the less risky play for my finances.
Maybe I’ll just need to wait to build or buy my dream home until after my crypto investments mature in a few years. In the meantime either just hold cash I gradually chip away at for living expenses, or have the cash flow from the investment property at modest risk. Hmmm. Thanks for that.