Is Land Banking a Good Strategy For You?

What the heck is Land Banking you might ask? Well let me start off with a brief description for you: The simple explanation is that instead of putting your hard earned money into a traditional bank, you instead invest your cash in a tangible asset – LAND!  Most commonly, it refers to purchasing undeveloped land with the outlook of selling it at a later stage when society has caught on to your little slice of paradise. It’s just another way to attain financial freedom in your future.

Why Would You Consider Land Banking?

Well, instead of getting 1-2% interest on your money if it sits in a bank, you can have a property that you can hold onto and sell later for a profit.   You can also use as a weekend getaway spot, or plan a retirement home and leave it as a legacy to your family. It’s really a win/win! Even if you decide to NEVER go visit your property, you can still enjoy the increase in value when you decide to sell.  This is the perfect investment for someone that wants to be a bit more hands off. Vacant land doesn’t need any attention, nothing will break or get stolen, it is truly a buy it and forget it strategy. If you are looking for a place to escape the city and get away, then its perfect for you too!  Many of these properties are ‘off-grid’ meaning they don’t have utilities, but that makes them a perfect spot to unwind and de-stress. Imagine the family memories you can make camping and exploring the wilderness on the weekends!

Land banking has a relatively low point of entry with a long term investment outlook.  It’s perfect for those that have a bit of extra money and would like to invest it wisely. There is a finite amount of land, so having a piece is always a good idea and a great way to diversify your portfolio!

What are the First Steps to Start Land Banking?

It’s actually very simple!  Find an area that is on the outskirts of a city, and then wait for people to move out that way!  Remember a few years ago when that property just out of town was still wooded and undeveloped, and now its a shopping center!!  That’s the idea! As cities get larger, people want out so they migrate further and further away. You want to find an area that has public appeal, buy, and wait.  You can buy property at today’s low prices and when the city grows you can cash in at much higher prices. It’s simple economics of supply and demand. The bonus is if it is in an area that you love and want to visit regularly!

Want Some Help Getting Started?

That’s what we are here for!  We can guide you ever step of the way and help you pick the perfect property. After chatting with you to learn about your future goals we can help point you in the right direction.  Ready now? Take a look at www.WeveGotLand.com and see what is available now.  Not ready yet? Email us at info@wevegotland.com and we will add you to our mailing list where you can learn about investing strategies and see our featured properties.  

The Best Investment on Earth is…. EARTH!!!

If you want to start investing your hard earned money, then make sure you invest in something that is PROVEN to stand the test of time…. PROPERTY!  

Investing in vacant land is just as feasible (if not more so!) than investing in an existing property.  

Here are a few things you should know about investing in land:

Vacant land is one of the most overlooked and underappreciated property investments.  Let me help you understand why it can be a FANTASTIC idea!!!

They aren’t making any more of it!!

Land is an extremely valuable resource with limited quantities available!  If you purchase property 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!  This earth we live on isnt getting any bigger, so grab yourself a piece of it today! The hardest part is deciding where to buy! Do you want mountains, rivers, beaches, or forest?  The choice is yours!

Vacant Land can be VERY Affordable!

Vacant land is one of the most affordable property investments in the real estate industry. When purchasing land, you do not have the burden of building repairs or maintenance. You would not have to budget for issues that generally crop up in existing homes.  No maintenance!!! You just let it sit there and increase in value. If you want to go for a visit to camp and explore the area you can, but you can also leave it sit for years and years!  

Land is a long-term, tangible asset that does not wear out

Property will rarely depreciate, and there is nothing that can get broken, stolen or destroyed. It’s the perfect investment to just leave alone and use it when you want to!  There are no money managers to deal with, falling interest rates, or stock market crashes.
All these benefits will bring you, as the owner, peace of mind. You won’t have to deal with renters, broken appliances, flooded basements, or anything else that comes with owning a home!  It’s truly a hands off investment, with the perk of having your very own private vacation spot. 

Potential buyers Tend to Buy Vacant Land with the Intention to Build a Dream Home

Whether you want to buy to invest in your future, or to build the perfect retirement spot you really can’t go wrong!  Building from scratch has endless possibilities when it comes to creating the perfect home, and there is nothing quite as satisfying as moving into a brand new home that was designed exclusively for you. You can start dreaming and saving now to build that perfect home in the future!

Owning land is a good investment for anyone; from long-term corporate land investors to someone who just wants to build their dream home.  The possibilities are as endless as the locations to choose from!If you would like to have some guidance purchasing your first property, give us a call!  469-215-1388We are happy to take you from start to finish and make sure you get the perfect place! Contact the WGL team today and we’ll take it from there.