farms: KNOWING WHAT LAND TO BUY AND WHERE
- 11/21/11 03:43 PM
Brokering real estate as most practicioners know it, can provide a good living,but buying the right kind of property is where the real money is.
We have all heard the three things that make real estate valueable : location , location and location. This is only half correct.The trick is to know where growth is headed and when.Knowing this along with planned road improvements and utilities is more important. What has a so so location today may be primo in 2-5 years and this is what you want.
Nobody said being able to get the money was easy and nobody said knowing (1 comments)
farms: Will land values come back in 2011 ?
- 08/03/11 01:22 PM
In my personal investment plan that I formulated in 2008 I underestimated the future stagnation we are experiencing as of August 2011.
I am located in one of the most stable markets in the country (Wake County of NC) and it has not escaped the doldrums but has fared better than most.
Banks continue to shut off the finance valve for land as they still have the big problem of getting rid of their shadow inventories of REO property.
The recent financial debacles in our nation's capital have not helped.
I am located in Apex,N.C. which has 2 major stimulus projects (0 comments)
farms: GET IN THE WAY AND MAKE BIG BUCKS
- 05/27/11 12:33 PM
Learning how to buy in the path of future growth is the best game to play.This of course requires being able to get control of property by title or some form of option with extension capability.
In my career,I have been able to do this numerous times thus buying land by the acre and selling it years later by the square foot.
Most residential agents do not have this expertise but it can be learned by hanging around auctioneers and successful land brokers or developers.
2012 WILL BE A GREAT YEAR TO PLAY THIS GAME WITH A 2013-14 TURN AROUND.
Just one (0 comments)
farms: Change YOUR LIFE-BUY LAND IN 2011
- 11/30/09 10:23 AM
Although the economy as of 12/01/2010 is still iffy , the time to obtain your little pice of dirt could never be better. Few people in the U.S ever buy any real estate other than their home.The reason for this is the way people live and spend money -they never build up savings and worse they invest in stocks,IRAS,401KS and this is not working -they are going backwards.
LAND HAS MANY MANY BENEFITS OTHER THAN BEING A GREAT LONG TERM INVESTMENT.IN TODAY'S STRESSFUL WORLD -LAND CAN BE YOUR SANITY AND STRESS RELIEVER.IT IS A GREAT PLACE FOR YOUR CHILDREN AND YOUR (1 comments)
Real estate is a wonderful game when times are good but not so much fun in down times.
The Great Depression of 2008 until who knows when is one of those unkind times.
Some seasoned agents probably put away funds from 2003-2008 but most probably did not.
Like all 100% commission sales professions our incomes can fluctuate big time .
If you are one of those who prepared for The Great Ressession then you are possibly in a position to invest which is where the real money is.
We have done the rental game but today just do the best -land .Anybody who can buy ,option, get land by owner financing etc. in 2015 should do it any way they can.
In 5 years you will be a happy camper.
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