In today’s Expert Insight Interview, John Golden is joined by Joachim Bosch, the founder of the ”Land Profit Generator” method and the same-named website focused on earning profit by flipping and investing in land property.
You can learn more about:
- The Advantages Of Land Investments
- The Types Of Properties For Investing
- Possible Pitfalls
The Advantages Of Investing In Land Properties
The first upside of this business is that it works in any market, and can survive very tempting and troubling times. It is location independent, so it gives you the freedom to choose the lifestyle that suits you best. Investing in land is simplified because you are liberated from worrying about things such as tenants, houses, repair estimating, toilets, roofs, molds. You don’t even need to meet with anyone because everything is done through e-mails. However, profits are the same or even better.
Now maybe the perfect moment for entering this business. There is a significant number of people who are looking to sell their assets, but also a growing demand for rural properties.
The Types Of Properties Most Profitable For Investing
There are three types of properties particularly interesting for flipping. First of all, lots in the cities, so-called ”infill lots”, empty pieces of land among houses, ready to be filled in. It prices up the whole neighborhood. The second type is ”the path of growth”. These properties are on the outskirts of towns, anywhere from 2 to 40 miles outside of it. There is a constant demand for lots in these locations because it is an excellent option for anyone who wants more space and closeness to the city, but with more affordable prices. It is also attractive for people who want to wait for the value to go up as the area develops, and then make more profit. Lastly, there is recreational acreage, such as mini-farms or mini-ranches, which people can use as weekend getaways from the city.
It works in every state, but the lots need to be in the growing cities and areas, where something attractive is going on.
Things To Look Out For
There is not much you need to know about the land if there is nothing on it. There are only a few things that you should check before buying, such as environmentalist issues and, of course, if the property is buildable.
John is the Amazon bestselling author of Winning the Battle for Sales: Lessons on Closing Every Deal from the World’s Greatest Military Victories and Social Upheaval: How to Win at Social Selling. A globally acknowledged Sales & Marketing thought leader, speaker, and strategist. He is CSMO at Pipeliner CRM. In his spare time, John is an avid Martial Artist.