Making You Wealthy And Heathy

I've said it before and I'll say it again, vacant land is one of the most overlooked and misunderstood real estate investments in the world. Whenever I tell people I specialize in buying and selling LAND, I get a lot of blank stares. There seems to be a widespread (and erroneous) assumption that vacant land is a “weak” or even pointless investment because Ø   It doesn't produce income. Ø   It just sits there and nothing happens Ø   It's flat out boring. It's an unfortunate misconception because the truth is – vacant land is capable of producing some serious cash flow and it's one of the best investments on earth because of its hands-off nature and versatility. The simplicity and stability that comes with owning the right piece of land, purchased at the right price, can far outweigh the myriad of problems that come with any other type of real estate. If you've overlooked raw land as a viable investment opportunity in the past, you need t...

When it comes to land acquisition – one of the most important factors in getting this number reasonably accurate is to understand the “highest and best use” for a property. The question of a property's highest and best use is something all appraisers aim to address – and the issue is particularly relevant to appraisers and investors who are working with vacant land. When a vacant lot doesn't have any pre-existing improvements on it, there can be many potential uses for the property (depending on how the owner wants to use it, and what the local zoning regulations will allow), but even when there are several possibilities, there is only ONE highest and best use. Highest and best use is always the use that would produce the highest value for a property, regardless of its current use. The reasonably probable and legal use of vacant land or an improved property that is physically possible, appropriately supported, financially feasible, and that results in the h...