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Here Are 10 Reasons You Should Be Investing In Land:
1. With Vacant Land, You Don’t Need to “do” Anything to the Property.
Forget construction! Forget renovations! You don't need to be an expert or know anything about how to rehab a property yourself. In most cases, you really only need to know one thing: “Is the property suitable for building?” As long as someone else can build on the land if/when they want to, a huge part of the battle is already won.
2) Raw Land is a “Hands-Off” Investment.
Have you had enough of dealing with tenants, toilets, bugs, mold, lawn care, leaking roofs, bursting pipes, broken furnaces, and the hundreds of other issues that come with owning buildings? Vacant land doesn't involve ANY of those things. Once you buy it… it sits there, it behaves itself, and nothing happens.
3) Statistically, Vacant Land Owners are Highly Motivated to Sell.
Why? Because vacant land owners (by default) are always absentee owners. When a person doesn't live inside of (or even near) the property they're trying to sell, there is less of an “emotional connection” – because it isn't their primary residence. In many cases, you'll find that these sellers are willing to sell their land for pennies on the dollar – simply because they don't live anywhere near it, it's not producing any income for them (because they don't know how to optimize their land correctly) and as a result, they are much more apathetic about it. Find these people, and you will find some incredible deals.
4) Land Investors Have Virtually No Competition to Deal With.
Are you tired of dealing with such stiff competition on every property you try to buy? Are you sick of getting outbid on every good deal you're lucky enough to find? Well guess what… there is virtually no competition in the world of raw land investing. You see… most real estate investors have their minds stuck on things like houses, apartments, commercial property and the like – because that's what everyone else does. Most investors don't understand the superior benefits that come with land and this can definitely play to your advantage.
5) Land Investors Call Their Own Shots.
When you buy vacant land the right way, it's easy to buy each property with your own cash and completely avoid dealing with banks and mortgage companies. When you know where to look for great deals on land, it requires very little start-up capital to get your business up and running.
6) When You Learn How to Research Properties Effectively, you can Buy and Sell Vacant Land Properties Without Ever Seeing Them In-Person. and if you're doing the right research, you can easily buy your properties without ever visiting them in person.
7) Add Seller Financing to the Mix and EXPLODE Your Income Potential.
When you combine vacant land with the power of Seller Financing, it's a match made in heaven. It can open up the doors to finding MANY more buyers, because most banks are very hesitant to lend money on vacant land. Due to the scarcity of “easy money” financing, a land investor can use this to their advantage by charging a higher-than-market interest rate and many people will gladly pay it. Seller Financing is also a great way to create multiple streams of passive income that act like rental properties but come with virtually none of the typical headaches that rental properties are known for.
8) Land is Very Inexpensive to Own as a Long-Term Investment.
When you buy a piece of land for the right price, there are no mortgage payments to make, no utility bills to pay, the cost of property insurance is nominal (if you have it at all) and property taxes are extremely cheap. If you want to park your cash somewhere and forget about it, vacant land could be exactly the investment vehicle you're looking for.
9) Land Gives its Owner Peace of Mind.
Think about it – land is a long-term, tangible asset that doesn't wear out, doesn't depreciate, and nothing can get broken, stolen or destroyed. Put all of these benefits together with your ability to buy it for next-to-nothing… and can you think of a better combination?
10) They Aren't Making Any More Of It.
Most people don't think of vacant land this way, but the reality is – land is an extremely valuable resource with limited quantities available. Especially when you purchase land in the path of growth, you will find yourself with a finite asset that a lot of other people want to get their hands on. Stocks, bonds, mutual funds and 401Ks all make sense in certain scenarios, and so does land. If you go into this with the intent of holding the right property for the long-term, it can make a lot more sense (and be a lot more profitable) than any other retirement vehicle out there.
17/01/2017
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If you want to buy property, whether it is land or a building, it is important to make a site visit since relying on adverts alone can be risky.
The housing deficit in Kenya stood at 2 million in 2012 and continues to grow at the rate of over 200,000 units a year. There is a proliferation of informal settlements in urban areas with 60% of the population living in informal settlements. Families live in overcrowded homes typically with one room and no adequate ventilation. These families are at high risk of diseases such as malaria, respiratory infections and jigger infestation. The poor, especially children and women, elderly and persons with disabilities are the most at risk. Under the new devolved government system, housing delivery is the responsibility of the county governments. Limited access to land (68 percent of Kenyans are without land documentation or tenure security), insufficient income, lack of affordable housing options are all limiting.
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