Warren Buffett generally buys real estate only in the form of real estate investment trusts (REITs). He sticks to stocks because he thinks they offer a more efficient way to build wealth. Still, when an opportunity presented itself for a 400-acre plot of Nebraska farmland – he couldn't turn it down. "In 1986, I purchased a 400-acre farm, located 50 miles north of Omaha, from the FDIC. It cost me $280,000. ...)I knew nothing about operating a farm. ... I calculated the normalized return from the