Thursday, December 07, 2006 @ 09:21 AM EST
When people get into the Real Estate Investment game, they get confused. How can 100 acres be only a thousand dollars in certain areas? Because it needs to be completely developed! A piece of land in Southern California is completely different than a piece of land out in the middle of nowhere in the heartland. Here are the top seven types of investment land.
1- Land for sale in huge cities. As in the above example, land is simply more expensive in Los Angeles than in Texas. Now the tricky part is when to invest, because the land is so expensive. It seems that buying land in the boom cycle is the best choice. Alternatively, you can simply buy properties in outlying areas of Southern California were land isn’t as expensive yet the population keeps growing.
2- Ocean-Front Land- If you can stumble upon a great ocean-front lot for sale that is residential and buildable, the investment is extremely solid. As soon as more development goes away, you can get a huge return on investment.
3- Lake-Front Land- This is similar to ocean-front land but to a small extent. There are simply many more rivers than oceans in the world. People like living near water, though, so if you can’t afford ocean-front, go lake-front!
4- Lake-View Land- Only buy lake-view land is the subdivision is already growing. Thus, you can still bank in on the people that want to live only blocks away from the lake.
5- Golf Course Land- Many great land investments are directly tied to the popularity of a golf course the land might be near or on. Stepping outside the house to play golf everyday sounds like a lovely retirement, doesn’t it?
6- Gated Communities- They are safer, but more expensive. If the covenants aren’t too restrictive, they still seem like great investments.
7- Ranch Lot- If you have 100 acres in the middle of nowhere, but those 100 are adjacent to another 100 acres that is developing, you can cash in if you have enough money to invest in building a subdivision. Roads, utilities, houses, and more are needed. And it’s a large investment. But the return would be worth it.
It’s all about location, location, location. |
|
