Land

Land is where it starts, as value runs with land. So then, land can be a great investment. Investing in the non-traditional real estate property takes a bit of out-of-the-box thinking. Land and development is one of those type investments. Purchasing land is not a lot different than any other purchase. If you're buying with a mortgage, the bank/broker is still going to be concerned about the value of the property and may want to inspect the lot or acreage for its value.

If you want to purchase the property for building a dwelling that does not have public sewerage, the local jurisdictions will be interested to know if it will percolate -- or perc -- for the number of bedrooms you want to put in the house.

If you have visions of subdividing a larger portion of land and selling it off lot-by-lot, then you'll need to have the proper inspections done for percolation per lot, plus check with the county to see how many houses per acre will be allowed -- or how many acres per house are required. This may limit your visions of grandeur, if you find out you can only put two houses on the 10-acre lot you intended to load up with a bunch of townhouses.

There are other resources available on land as well -- natural gas, oil, coal, minerals -- all buried deep in the earth for harvesting, thus the owner can pay for the purchase of the land from the revenue generated by harvesting these products.

If an investor decides to sell the land, he or she can also retain the mineral rights to the property -- while someone may want to farm or build on the land, you can still pull revenues from the resources you harvest from those rights.

Whether it is buying a home to hold and sell in the future or develop, give Jennifer a call today, and she can find you the right property to meet your investing goals!

Development