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#369226 - 03/07/11 07:13 AM Make a fortune investing in land
Realty Capital Offline
Member

Registered: 01/13/11
Posts: 11
Loc: CT
You can make a fortune in land. Having said that, I will not sugarcoat what is probably one of the most difficult types of real estate investing. The reason you can double, triple (or more) your money in land is because it is one of the least understood real estate investments. This provides incredible upside if you know what to look for and what to do because very few people know what to do. This is no different than any business however. Think about used cars, for instance. If you know cars inside and out, you will be able to buy a great deal from a person selling their car and doesn't know its value. You can then turn around and sell it at a profit. You have capitalized on your knowledge. You can fix the fender, buff and shine and even make more money. The same thing applies to land only hardly anyone knows anything about land.

The key elements in making money land are the following:
1. Know your market. Don't even think of buying land outside of the market area you know intimately. Little things can trip you up even if it looks like nothing can go wrong. Start looking at every land parcel in your market.
2. Dream team. You can't do it alone. You will need to have close relationships with a civil engineer, land attorney, Zoning official, site contractor, real estate agent and lender.
3. Understand what sells. You have to know what type of land is selling in your market and at what price. You will need to have better quality at a lower price. Land is the hardest asset class to sell and has no cash flow. This is very important.
4. Know your zoning. Almost every town has zoning regulations which describe in a table, usually, the basic requirements to have a legal lot. Frontage, acreage, setbacks, etc. In areas without public water & sewer, you will also need to know health codes, soils, and wetland issues Essential to know.
and finally,
5. Create value. This is what its all about. You can buy land at a discount and flip it or you can really make money by improving it, then selling. The types of improvements include, zone changes, approvals for a building lot, subdividing, land enhancements (access drives, viewscapes, & beautification), free cuts, merging of title and conservation tax easements, to name a few.

Once you have a land parcel targeted, there is another major step involved which is the Purchase Agreement or Option. How you structure this can make the difference between making money and making A LOT of money. But that is left for another article.
Don't think you are going to go out and make a fortune in land without first having a lot of knowledge. You will get hurt. On the other hand, study and learn and you will profit handsomely.
Go to my website www.realty-capital.us and read my course under education if you like. I give specific examples of land deals I have done. Thanks!

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#376093 - 05/17/11 11:50 PM Re: Make a fortune investing in land [Re: Realty Capital]
lovetobuyRE Offline
Junior Member

Registered: 05/17/11
Posts: 2
Loc: CA
Thanks, good info!

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#383938 - 07/22/11 09:49 AM Re: Make a fortune investing in land [Re: Realty Capital]
jet510 Offline
Junior Member

Registered: 07/20/11
Posts: 3
Loc: CA, USA
great stuff RealtyCapital!

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#417928 - 01/05/13 02:29 PM Re: Make a fortune investing in land [Re: Realty Capital]
Scintillion Offline
Member

Registered: 01/26/12
Posts: 437
Loc: Colorado, USA
Definitely can get some really great land deals that are out there - but have to be totally aware of what you're getting into.

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#418809 - 01/22/13 04:16 AM Re: Make a fortune investing in land [Re: Realty Capital]
Musa Opondo Offline
Member

Registered: 09/24/12
Posts: 210
Loc: USA
Thanks for the information.This is an investment option rarely talked about.

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#421031 - 03/03/13 03:26 AM Re: Make a fortune investing in land [Re: Realty Capital]
fsna.heidi Offline
Member

Registered: 02/04/13
Posts: 41
Loc: USA
A land property is much cheaper than buying a house and lot. Depending on a land property you can develop it or improve it based on what is profitable on a given area. Like if you buy a land in an urban area then housing or commercial space is profitable. If it's in urban places you can profit from it by making it a farm.

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#421312 - 03/08/13 05:24 PM Re: Make a fortune investing in land [Re: fsna.heidi]
BPO123 Offline
Member

Registered: 10/23/08
Posts: 25
Loc: USA
[quote]If it's in urban places you can profit from it by making it a farm.[/quote]

Can you expand on that any, or pm me. That sounds like an extremely worth while thing to do! Getting people in urban areas access to grow fresh produce would be a major health benefit! Thanks.

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#421417 - 03/10/13 02:00 PM Re: Make a fortune investing in land [Re: Realty Capital]
Malok Offline
Member

Registered: 08/18/07
Posts: 441
Loc: Kentucky - in a barn!
There can be more technical challenges with commercial (zoning laws, permitting, etc) - but it definitely can be lucrative provided you have the money available to fund it. Over extending yourself on commercial deals can be very detrimental if you aren't careful.

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#421945 - 03/22/13 02:19 AM Re: Make a fortune investing in land [Re: BPO123]
fsna.heidi Offline
Member

Registered: 02/04/13
Posts: 41
Loc: USA
[quote=BPO123][quote]If it's in urban places you can profit from it by making it a farm.[/quote]

Can you expand on that any, or pm me. That sounds like an extremely worth while thing to do! Getting people in urban areas access to grow fresh produce would be a major health benefit! Thanks. [/quote]

Oh sorry, I mean a rural place. We can't really build a farm in urban areas where almost all establishments are for commercial purposes. Most investors I know buys a land in a bit far away from the city and converts it to a farm.

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#421948 - 03/22/13 07:15 AM Re: Make a fortune investing in land [Re: fsna.heidi]
Vermont Offline
Major Contributor

Registered: 04/12/08
Posts: 7716
Loc: Vermont's North-East Kingdom
Originally Posted By: fsna.heidi
Oh sorry, I mean a rural place. We can't really build a farm in urban areas where almost all establishments are for commercial purposes. Most investors I know buys a land in a bit far away from the city and converts it to a farm.

One exception might be Detroit where so much of the urban area is reverting to barren land as many of the dwellings where human beings used to live are now being bulldozed.
_________________________
Dale C. Hittle of GOLDEN RULE PROPERTIES in Glover, Vermont
Where We're Always Striving To Put Together "THE FAIR DEAL"

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#422235 - 04/03/13 03:30 AM Re: Make a fortune investing in land [Re: Realty Capital]
denley65 Offline
Junior Member

Registered: 04/02/13
Posts: 5
Loc: LA, Cal, USA
This can be very useful for the people who are new in this business like me. Very helpful and informative post, I like it and the way of thinking . Thank you for this.

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#422502 - 04/10/13 07:06 AM Re: Make a fortune investing in land [Re: Realty Capital]
eLoanRates Offline
Member

Registered: 03/26/13
Posts: 34
Loc: California
Can you talk about some of the risks of owning/buying/investing in Land?

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#422655 - 04/14/13 09:54 AM Re: Make a fortune investing in land [Re: Realty Capital]
Scintillion Offline
Member

Registered: 01/26/12
Posts: 437
Loc: Colorado, USA
Lots of risks involved...when buying raw land it's important to how it's able to be zoned, what types of structures can be built, and what access it will have to different utilities (among other things). Purchasing land without knowing these things can be a pitfall. This is one reason why there are a lot of good deals as well - many persons don't know what they have.

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#423139 - 04/28/13 07:59 PM Re: Make a fortune investing in land [Re: Realty Capital]
franchezka Offline
Junior Member

Registered: 04/28/13
Posts: 1
Loc: New Jersey
Precisely, if I will invest my money I would probably chose to invest it in land because it will not depreciate and as time goes by, if you will sell it or make it real state the price would increase two to three times. Even larger, it also depends on the site you have chosen. Find it more at: personalmoneynetwork


Edited by franchezka (04/28/13 08:00 PM)

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#423148 - 04/29/13 08:09 AM Re: Make a fortune investing in land [Re: franchezka]
Scintillion Offline
Member

Registered: 01/26/12
Posts: 437
Loc: Colorado, USA
Originally Posted By: franchezka
Precisely, if I will invest my money I would probably chose to invest it in land because it will not depreciate and as time goes by, if you will sell it or make it real state the price would increase two to three times. Even larger, it also depends on the site you have chosen. Find it more at: personalmoneynetwork


Great advice, but again it's important to know what you're buying before you purchase raw land - which can be riskier than buying a home without an inspection if you aren't sure what you're doing, IMO.

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