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7 Important Facts Everyone Should Know About Land Investing - Properties - Nairaland

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7 Important Facts Everyone Should Know About Land Investing by ReproAgency: 3:21pm On Apr 30, 2018
Did you know that Bare/Vacant Land is the one real estate investment that is mostly overlooked and completely misunderstood in the world?

If you doubt, walk up to anyone and tell them you specialize in Buying and Selling of Lands, you might likely get very many blank stares. Lots of people seem to think that vacant land is a ‘weak’ or better still a pointless investment because of the following reasons:

• Its felt Vacant Land does not produce Income
• It’s just bare and sitting there doing nothing
• It is plain and boring

This is truly an unfortunate way of thinking because truthfully, Vacant Land has the capability of producing very severe cash flow and can be said to be one of the best investments on Earth due to its hands-off nature and adaptability.
Actually, one should love the idea that land just sits bare and does nothing. It is just simple and stable to own the right piece of land which was purchased at the right price. These can overshadow the countless challenges that can come with any other type of Real Estate. Just take a few minutes to understand the many investment opportunities in buying and owning vacant land and understand why it is one of the best types of Real Estate Investment.

SEE BELOW THE 10 REASONS WHY YOUR REAL ESTATE INVESTMENT SHOULD BE IN LANDS

1) You Do Not Need to “Do” anything to a vacant land property
Once your landed property is acquired in the right means and with all the right documentation – You can forget about construction and forget on renovations. It is not your duty to know anything about building constructions and rehabilitation of property, the only thing you need to know is – “Can someone build on the property?” Once you’re sure someone can build on it if they want to, the major part of your battle has been won already.

2) The Only Investment you can refer to as a “Hands-Off” is Bare Land
If you are a Landlord already of some properties, you might have already had enough of tenants’ troubles such as toilets, bursted pipes, Ceiling Leakages, fencing and gate problems and the many other troubles that come with owning buildings. With bare lands, you do not have to be involved with any of those issues. Once you buy a land, it stays there, behaves itself and Nothing happens to it.

3) Statistics show that Bare Land Owners are extremely inspired to sell.
Did you know that owners of just bare land are by default absentee owners? The owner does not live inside or on the property they are trying to sell, has never lived there as well because it is just a bare piece of land, therefore little or no emotional connection whatsoever. Many times, you will even find out that while you have no sorts of emotional attachment to the land because you do not stay or live on it, other people will pay you 3 times the price you got it because they have their own attachments to that specific location. Find these people and you will seal some incredible and profitable deals.


4) Land Investors Have Very Little Competition to Deal With.
When trying to buy or sell property, you tend to face very stiff competition. This is because, majority of the real estate investors have already been stuck on Houses, Commercial Property, Apartments for Rents and all sorts. The reason being this is what majority of all real estate agents do. Surprisingly, there is very little competition when considering raw land investments and most investors do not appreciate the amazing benefits that come with lands. If you understand this type of Hands-Off Investmentm you can definitely play it to your advantage.


5) If you are a Land Investor, You call your own shots.
Once you can purchase vacant land through the right means, it is easy to buy them with your own 100% cash and totally avoid bank dealings as well as mortgage firms. Once you can identify very good deals on lands, it will always require money that you can afford to get your investment business up and running.

6) One of the Very Inexpensive Long-Term Investments to own is Land
If you are looking for where to park some of your cash and forget you have it, Just do yourself a favour and buy a piece of land. When you buy a plot of land for a good price, you do not have any utility bills running, mortgage payments to make and really cheap taxes to pay if existent at all. It truly is a way for your Long Term investments. Think about it – land is a long-standing, physical asset that will not wear out, will not depreciate, and nothing can get stolen, broken or destroyed. Put all of these benefits together with your ability to buy it at very affordable prices … and can you think of a better combination?

Land Investing Is a Huge Opportunity
Let us be out rightly clear here – Land Investing has no doubts. One of the most powerful strategies you can use to build a real estate investing career is purchasing and selling of vacant land properties which will greatly increase your income.
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