We’ve never really considered land for our real estate investments. We always thought land investing was a waiting game. We thought it was essentially buying a piece of land and then waiting for it to appreciate or for the time when rezoning or redeveloping the land makes financial sense. In the meantime you have taxes and mortgage costs to pay down. And, I still think that is often how people do it. I know that is how many residential developers and home builders do it.
For us, investing in land has been a matter of buying pieces of property with little houses on them.
We didn’t buy the properties because we loved the houses or because we were going to make good money from the cash flow they generate – we bought them because there’s enormous redevelopment potential for that street and the little homes on the land will pay the land holding costs while we wait to buy other properties around those two lots and the time is right to redevelop.
We’re not putting cash in our pockets from these properties but we bought them for nearly no money down and they aren’t costing us anything to hold while the mortgages are getting paid down.
But, there is a lot of appeal to buying land.
There are no tenants, toilets, property repairs or management issues to deal with. There also is a lot of flexibility in what the land can become – if you buy the right piece of land.
So… when I heard about Jack Bosch and his land expertise I started to look into what he’s been doing. I’ve been going through his course called the Land Profit Generator and I shot this little video to tell you about some of the free information you can get from Jack. If you’re like us, and you’ve always thought land was a tough way to make money as a real estate investor then this is definitely worth checking out.
I will try and shoot another video later this week that is about his program … but for now, just check out the free Land Profits report and the videos Jack is sharing with everyone.
And… just for fun… here’s a few pictures from the Chris Evert Pro-Celebrity Tennis Event we attended in Delray Beach this weekend. Celebrities like Elisabeth Shue, Gavin Rossdale and Martina Navratilova were playing tennis for charity yesterday. And, Jon Lovitz was on hand to provide a ton of entertainment (and actually, Martina Navratilova was pretty witty herself!).