The fact is that the largest percentage of fortunes are made in a Real Estate fast money plan, which is why all governments are investing heavily.
You are aware of the tremendous growth in Real Estate values going up in recent years in housing, land and commercial buildings.
This trend is almost a certainty to continue especially during this economic hard times.
Population decline, even increased divorce rates, and unemployment creates a need for more housing, more homebased businesses, etc.
There is no guarantee that all Real Estate will rise in value during your lifetime.
So be selective in what and where you buy.
Anticipate the coming trend based on economic, energy and growth factors.
Will the population growth be in the outlying areas or will people move back into urban districts?RuralMoney.com
Rundown or semi-abandoned neighborhoods are often profitably renewed.
Beautify a house or two in such areas in which other people are anxious to do the same.
Is an industrial park or some other project that will draw a large number of people planned for the area?
If so, smart operators will begin buying property anticipating that homes and business will follow in the future and Real Estate values will rise tremendously.
Considering buying cheap unimproved or vacant land?
Usually, it will produce nothing but cost you taxes, though modest in amount, until you sell the property for profit.
But, suppose you could develop it for some income producing benefit such as farming leases, flora for nurserymen, timber, hunting, land trust housing, temporary camping homes or a rural recreational area?
Or, if the vacant land is in an urban area, a parking lot.
Unimproved land should be purchased only with the possibility of developing it for some moneymaking purposes.RuralMoney.com
Photo By tkoch
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