Investors Discovering Benefits of Vacant Land Acquisition & Holding
Source: The Open Press, by Jeb Erhard
January 23, 2008
Los Angeles, CA (OPENPRESS) January 21, 2008 -- Investors around the U.S. and especially in Southern California are discovering that acquiring raw vacant land in potential growth areas, and holding the land for a period of time, can be an excellent investment vehicle for long term financial growth.
Acquiring vacant land for development is an extremely viable business opportunity for the alert investor. There are still many locations in America where good, potentially profitable raw, vacant land can be acquired with minimal cash outlay, then turned around for excellent profit. Land investments in areas on the outskirts of Southern California are still offering excellent return potential.
Lance Dorman, Vice President of VacantLandDeals.com, stated “The secret in buying raw vacant land is knowing when and where to buy and then knowing exactly when to sell. Areas that look as if there might be upcoming population growth, industrial expansion, or resort planning are potential hot spots that merit investigation for any speculator interested in long term investments. Research and experience has shown that many areas of the United States where land was previously considered worthless have exploded into prime real estate venues. You can be sure that a lot of people laughed when land in the desert surrounding Las Vegas was first being promoted, but the speculators who bought that land made out like bandits. There are more areas like that today, and you just have to be well enough informed and astute enough to take advantage of those opportunities.”
“Most people cannot see the potential of a given piece of property. Huge amounts of money have been made by those with the foresight to purchase, for example, a large vacant tract of forest, then market it to hunters or wildlife enthusiasts. Outdoor activities are becoming more and more organized and available urban land area is shrinking. People are becoming more and more health conscious and they are much more willing to travel great distances in order to find virgin territory or challenge their boundaries. Gen-x people play hard and are willing to travel to out of the way ski resorts, health spas and other properties dedicated to providing an outlet for pleasure and relaxation. A mountain that was simply an insurmountable rock can be turned into a prime seasonal playground. What this means to a vacant land investor is, of course, big money potential,” concluded Dorman.
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