I agree with Ted. If you live in Florida, then the state may be a viable option. If you live out of the state, even though Florida is still digging itself out of their foreclosure crisis, long distance purchases and management can compound the risk of losing your shirt. There are good investments just about everywhere; whether they will meet your personal investment goals and criteria is another statement.
That’s an awfully broad question. The answer would depend on a number of factors including your investment goals, capital available, disposable income, risk tolerance, experience and expertise in purchasing land, and many others. If you have to ask if it’s a good idea, I would surmise that for you, it may not be.
The South Florida Real Estate market is especially hot right now it is projected to rise roughly 5%-11% in 2014. It all depends on the city in which you want to buy/invest in. Good deals can be found if you search hard enough. My suggestion is to buy in an area that has A or B rated school’s. The school’s are key driver in the Real Estate market here in Florida. Most of the country is at below freezing temps right now if you find you cant make money off your investment move on down. At least you could be enjoying 70 degree weather and beautiful beaches. Cant go wrong either way.