Vacant land is a largely overlooked and widely misunderstood real estate investment. Most people don’t understand the value and potential of buying and selling land. In fact, too many people see them as weak and pointless investments that don’t really produce income and simply sit there without earning anything. This, however, is an unfortunate misconception that must be reversed. Vacant lots can be major sources of serious cash flow because of their versatility and “hands-off” nature. The fact that lands just sit there make such kinds of investments great, because they are simple and stable. Bought at the right price and the right time, raw land can be an extremely lucrative investment for any Pinoy who wants to cash in on real estate in Metro Manila. Here are 3 more reasons why a lot for sale is a smart investment
- Buying a vacant land saves you the trouble of construction, renovation, upkeep, and all other responsibilities of an actual building or establishment. You don’t have to be an expert about property rehab or dealing with tenants, leaky roofs, molds, bugs, broken furnaces, or bursting pipes. The most work you will have to do is researching whether or not the lot is suitable for building and as long as you know that someone else can actually build on it if and when they want to, you’ve already won, because the property will most likely sell itself.
- Land investors have little to no competition to deal with. Because lots are widely misunderstood and quite frankly, feared by other investors, you have fewer competitors to think about.
- Finally, you can call your shots as it is easier to buy vacant land with your own money, thus avoiding long-winded dealings with mortgage companies and banks. As long as you have a good broker by your side, you are set for great success in land investments.