Why Invest in Land?
Land has long been considered a purchase to be made only by the wealthiest of investors. While this may have been the truth in the past, it simply isn’t the case anymore. Land is one of the smartest investments around, especially in these tough economic times when prices are at their lowest in years. Not only is land a good investment right now because of the great value you’re receiving, but also because of its’ versatility. Many folks buy land because of the tax benefits. Others purchase land simply hoping for its’ value to increase over time, and others purchase it just to use it! If you own land the right way, you can maximize its’ value and make it work for you.
There are many different things to keep in mind when purchasing land. What type of land is it? How is the land zoned? Where is the land located? What is its’ assessed value, and as a result of that assessed value, what will the tax burden look like? The answers to these questions will all be vital in the true value of the land you will be purchasing.
Many folks feel like they are getting a deal when purchasing tax liens or tax deeds, but costs can grow exponentially based on a variety of factors, including but not limited to back taxes, legal filings, renovations, and various government fees. You may also find it less expensive to buy real estate through a land wholesaler, rather than purchasing land from the county thaSt may have accrued a great deal of charges.
Buying land is a wonderful investment because it is so versatile. One popular use for land is its’ ability to act as a tax write off. For an individual making $300,000 a year, income taxes are staggering. But after some carefully planned investments in real estate, much of these tax burdens can be offset through different investments in real estate. Land is also a popular investment because it requires a relatively great deal less upkeep then a house, or a condo. Another great benefit of investing in vacant land is the tax-deferred growth. In laymen’s terms, as the value of the property appreciates, or grows in value, you may only have to pay taxes on the property once the increased value is realized through sale.
The beauty of land is the wide range of investments that can be made. For someone who is willing to be diligent in their research, amazing deals are out there ready to be snatched up. Investing in land can be hard work, but there are many resources out there that can make your real estate investment less of a chore. Land Wholesalers like www.SunnyLand.com offer a wide range of land, from acre lots, to large tracks of land and ranches. SunnyLand.com is owned by Orbit Investments, LLC, and since 2002 has sold over 3,100 properties at affordable prices and for easy owner financed terms.