If you had known how fast properties double in value, you would have bought a few more properties 10 years ago. If you have done so, you would have been very rich now.
However It is not too late. You can start now through landing banking, a proven long-term investment strategy used by rich individuals and big corporations.
What is land banking?
Land banking is the purchase of a pre-developed land and holding it for five or more years for future sales or development.
Why is Land Banking a good investment strategy?
Land Appreciates in Value
We all know that a piece of land in a good location, especially with a growing population, appreciates in value.
Value Adding Increases its Worth
Once a piece of pre-developed land is purchased, one can add substantial value to the land by building properties upon it and selling it at a much higher price.
High Return on Investment (ROI) Increasing populations and positive future population growth projections are attracting land developers to acquire land for development, be it for retail, residential or commercial use. Land is certainly a hot commodity that yields good ROI in the long term (of 10 years or more).
Land is a tangible Asset
Land is a tangible asset with a minimum value unlike some other investments. It does not disappear. It seldom decreases in value.
Funds for Children’s Education Grandparents or parents who want to provide for their children’s future education know how expensive education is. One of the options is to invest in land banking at today’s price for the next 20 years. This is an asset to fund the children’s education.
Land banking is also a good long-term retirement strategy as these land parcels are held for 10 years or more. This ensures a secure retirement income.
Fortunes can be made in landing banking if you do it right. One tip is to buy land in good location where land is scarce, with growing population and economic development taking place. Educate yourself on this profitable property investment strategy at Wealth Solutions Management.