Some people think that stocks and shares are the best place to invest your money. Others say real estate is where the profit lies. And still others are adamant that investing in your own business is the true path to wealth. Maybe the truth lies in a combination of these things, but what if you happen to see a prime residential lot for sale, is that a good place to invest? Over the course of history, land has proven to be a winner when it comes to a solid investment. The answer is undoubtedly – yes!
There are a great many ways that you can make money off land investment and the best part about it is that it is not exactly common knowledge. This means that not only that there is plenty of land available that has not yet been snapped up, but also that you won’t face much competition when you are trying to buy.
If you buy a piece of land which you can build upon, it also means that someone else can build upon it. This means that you do not have to go to the expense or hassle of building a property on the land at all, you can simply wait patiently until a buyer comes in who does want to build on it, which they will be able to, and then you can simply collect the profit after having done very little work.
Of course, when you buy a property you may need to update it, fix plumbing, rewire the place or any other number of utility and maintenance based improvements. With land however, you simply need to purchase it and then wait for the market to move or for the land to become more attractive and then make your profit.
When you buy land you don’t need anyone to come and inspect the property, nor do you need any kind of due diligence on your part. There are no mortgage payments to make on land, no bills and no maintenance. This makes sitting on it very easy and stress free. Anyone who is cash rich can buy land very inexpensively and very easily, and then simply wait until the right buyer comes along. What are you waiting for?