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Land is a Great Investment

If you have even a passing interest in real estate, you've undoubtedly heard one or more of the so-called "experts" advising against buying undeveloped land. Why? Because it generates no income? Well, the fact is that they're not telling you the whole story about raw land. There happens to be another school of thought entirely. And once you take notice and begin to analyze things clearly, you'll start to see that buying land can actually be a tremendous investment.

Let's think about this for a moment. For literally hundreds of years, vast fortunes have been made in America by owning land. This has occurred in one of two basic ways: either the owner held land that lay in the pathway of progress and growth, or the owner held land that someone else sought to buy in order to change how it was being used. (Remember when the Disney Corporation bought the swamplands near Orlando?) These same basic premises work just as well today. Owning a well-positioned tract of land can return many, MANY times the amount of money invested in it.
 

Well positioned? Yes, well positioned. That's where the real work is involved in buying raw land. This is where your diligence comes in; you must do your homework by investigating the land itself along with its surroundings. Are the general area and its population growing and expanding? And if it is, is it expanding in the direction of the property you're interested in? If so, you could be onto something. Talk to the city and county planning and zoning agencies where the land is located; they'll be able to give you valuable information about area growth and building projections. And be sure to keep your ears open for news of major business expansions. The key is to identify the wave swell while its still small and put your surfboard in front of it; then when the wave has grown and arrives you'll be able to just ride it on in to Easy Street.

You can still purchase raw land at extremely reasonable prices.